'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative - S&P Global Ratings’ Credit Research

'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative

'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative - S&P Global Ratings’ Credit Research
'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative
Published Sep 17, 2012
Published Sep 17, 2012
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Abstract:

SAN FRANCISCO (Standard&Poor's) Sept. 17, 2012-- Standard&Poor's Ratings Services removed from CreditWatch and assigned a negative outlook to its 'BBB' long-term rating and underlying rating (SPUR) on San Jose Redevelopment Agency, Calif.'s senior nonhousing tax allocation bonds (nonhousing TABs). On June 6, 2012, we placed the successor agency's (SA) outstanding senior TABs on CreditWatch with negative implications, reflecting our view of actions taken by Santa Clara County that could have resulted in materially lower tax increment revenue available to the SA to pay the TABs. In addition, we had placed all investment-grade TABs in California, including those related to the SA for San Jose Redevelopment Agency, on CreditWatch with negative implications on July 5, 2012 after

  
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MLA:
S&P Global Ratings’ Credit Research. "'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative" Sep 17, 2012. Alacra Store. Jan 21, 2018. <http://www.alacrastore.com/s-and-p-credit-research/BBB-Ratings-On-San-Jose-Redevelopment-Agency-CA-s-Senior-Nonhousing-TABs-Removed-From-Watch-Neg-Outlook-Negative-1012527>
  
APA:
S&P Global Ratings’ Credit Research. (). 'BBB' Ratings On San Jose Redevelopment Agency, CA's Senior Nonhousing TABs Removed From Watch Neg; Outlook Negative Sep 17, 2012. New York, NY: Alacra Store. Retrieved Jan 21, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/BBB-Ratings-On-San-Jose-Redevelopment-Agency-CA-s-Senior-Nonhousing-TABs-Removed-From-Watch-Neg-Outlook-Negative-1012527>
  
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