...September 24, 2019 SAN FRANCISCO (S&P Global Ratings) Sept. 24, 2019--S&P Global Ratings assigned its '###' long-term rating to San Francisco City and County's $3.1 million series 2019B general obligation (GO) bonds and $92.7 million series 2019C GO bonds. At the same time, S&P Global Ratings assigned its '##+' long-term rating to the city and county's $239.9 million series 2019A certificates of participation (COPs) for its 49 South Van Ness Project and its $111.1 million series 2019-R1 refunding COPs. Finally, S&P Global Ratings affirmed the following ratings on debt associated with the city: - '###' long-term rating on the city's existing GO bonds; - '##+' long-term rating and underlying rating on the city and county's appropriation obligations; - '###/A-1+' joint-support rating on the city and county's series 2008-1 and 2008-2 variable-rate lease revenue obligations; and - 'A-1+' short-term rating on the city and county's series 1, 1-T, 2, and 2-T commercial paper (CP). The outlook,...
