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Rating On Los Angeles, CA's Senior Wastewater System Bonds Raised To 'AA+' On Strong Finances

Published Apr 16, 2012

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Abstract:

SAN FRANCISCO (Standard&Poor's) April 16, 2012--Standard&Poor's Ratings Services raised its senior lien rating and underlying rating to 'AA+' from 'AA' and its subordinate lien rating to 'AA' from 'AA-' on Los Angeles, Calif.'s outstanding wastewater revenue bonds. In addition, we assigned our 'AA+' rating to the wastewater system's series $198 million 2012A senior lien and up to $162 million 2012B senior lien revenue bonds and our 'AA' rating to the system's $95 million series 2012A subordinate lien bonds, $80 million 2012B subordinate lien bonds, and up to $494 million 2012C subordinate lien bonds. We also affirmed our 'AAA/A-1' ratings on various outstanding variable rate bonds that reflect the application of our joint rating criteria. The outlook,

Report Type:

Ratings Action

Issuer

Los Angeles

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Summary: Eagle Tax-Exempt Trust Series 20060013 Rating Raised To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds – 2012/04/23 – US$ 225.00

Summary: Eagle Tax-Exempt Trust Series 720053003 Rating Raised To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds – 2012/04/23 – US$ 225.00

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12257 Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds – 2012/04/23 – US$ 225.00

Summary: Macon Trust Series 2002J Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds – 2012/04/23 – US$ 225.00

Summary: Barclays Capital Inc. Series 2009-2W Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds – 2012/04/23 – US$ 225.00

Los Angeles, California; Joint Criteria; Water/Sewer – 2012/04/16 – US$ 500.00

Summary: Los Angeles, California; Joint Criteria; Water/Sewer – 2012/04/16 – US$ 225.00

Summary: Los Angeles, California; Single Family Multiple MBS – 2012/04/16 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Rating On Los Angeles, CA's Senior Wastewater System Bonds Raised To 'AA+' On Strong Finances" Apr 16, 2012. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Los-Angeles-CA-s-Senior-Wastewater-System-Bonds-Raised-To-AA-On-Strong-Finances-958279>

APA:	S&P Global Ratings’ Credit Research. (). Rating On Los Angeles, CA's Senior Wastewater System Bonds Raised To 'AA+' On Strong Finances Apr 16, 2012. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Los-Angeles-CA-s-Senior-Wastewater-System-Bonds-Raised-To-AA-On-Strong-Finances-958279>

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