San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating

San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating
Published Sep 10, 2020
3 pages (1468 words) — Published Sep 10, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Sept. 10, 2020--S&P Global Ratings assigned its 'AAA' long-term rating to San Francisco City and County's $135.8 million series 2020B (Proposition A [2014]) general obligation (GO) bonds for transportation and road improvements. At the same time, S&P Global Ratings affirmed the following ratings on debt associated with the city and county: 'AAA' long-term rating on the city and county's existing GO bonds; 'AA+' long-term rating and underlying rating (SPUR) on the city and county's appropriation obligations; 'AAA/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, where applicable, is

  
Brief Excerpt:

...September 10, 2020 SAN FRANCISCO (S&P Global Ratings) Sept. 10, 2020--S&P Global Ratings assigned its '###' long-term rating to San Francisco City and County's $135.8 million series 2020B (Proposition A [2014]) general obligation (GO) bonds for transportation and road improvements. At the same time, S&P Global Ratings affirmed the following ratings on debt associated with the city and county: - '###' long-term rating on the city and county's existing GO bonds; - '##+' long-term rating and underlying rating (SPUR) 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, where applicable, is stable. These issue ratings are based on our view that the city and county's general creditworthiness is above that of the U.S. sovereign. We do not expect the city and...

  
Report Type:

Ratings Action

Issuer
San Francisco City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating" Sep 10, 2020. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-City-and-County-s-Series-2020B-GO-Bonds-Assigned-AAA-Rating-2511266>
  
APA:
S&P Global Ratings’ Credit Research. (). San Francisco City and County's Series 2020B GO Bonds Assigned 'AAA' Rating Sep 10, 2020. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-City-and-County-s-Series-2020B-GO-Bonds-Assigned-AAA-Rating-2511266>
  
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