California Infrastructure and Economic Development Bank Outlook Revised To Positive - S&P Global Ratings’ Credit Research

California Infrastructure and Economic Development Bank Outlook Revised To Positive

California Infrastructure and Economic Development Bank Outlook Revised To Positive - S&P Global Ratings’ Credit Research
California Infrastructure and Economic Development Bank Outlook Revised To Positive
Published Oct 18, 2021
2 pages (1165 words) — Published Oct 18, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 18, 2021--S&P Global Ratings corrected by revising its outlook to positive from stable on various bonds issued by California Infrastructure and Economic Development Bank. On Sept. 21, 2021, S&P Global Ratings revised the outlook to positive from stable on the State of California, certain bonds issued by the Bank were inadvertently excluded from the rating action. We rate bonds in the program on par with California's issuer credit rating (ICR), reflecting the state's commitment to pay on behalf of the participating school districts the rental payments, which fund debt service on the school districts' bonds. State statutory law requires the state controller to withhold state Proposition 98 school aid, as well as various categorical

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Oakland Unif Sch Dist
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "California Infrastructure and Economic Development Bank Outlook Revised To Positive" Oct 18, 2021. Alacra Store. May 15, 2024. <http://www.alacrastore.com/s-and-p-credit-research/California-Infrastructure-and-Economic-Development-Bank-Outlook-Revised-To-Positive-2739723>
  
APA:
S&P Global Ratings’ Credit Research. (). California Infrastructure and Economic Development Bank Outlook Revised To Positive Oct 18, 2021. New York, NY: Alacra Store. Retrieved May 15, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/California-Infrastructure-and-Economic-Development-Bank-Outlook-Revised-To-Positive-2739723>
  
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