...May 24, 2024 ENGLEWOOD (S&P Global Ratings) May 24, 2024--S&P Global Ratings assigned its '##+' long-term rating to the Northern California Sanitation Agencies Financing Authority's anticipated $433.5 million series 2024A refunding revenue bonds, issued for Sacramento Area Sewer District Treatment and Resource Recovery System (SacSewer). At the same time, S&P Global Ratings affirmed its '##+' long-term rating and underlying rating on the authority's existing senior-lien revenue bonds, issued for SacSewer. The outlook is stable. The series 2024A revenue bonds will be used to refund the district's series 2012A, 2013B, 2013C, 2013D, and 2014A variable-rate bonds and to pay a portion of the cost of terminating an interest rate swap previously entered by the district in connection with the series 2012A and 2013C swap. This transaction is intended to derisk the district's debt portfolio and convert all its variable-rate portfolio and swaps to fixed-rate debt. The bonds are secured by installment...
