San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position - S&P Global Ratings’ Credit Research

San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position

San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position - S&P Global Ratings’ Credit Research
San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position
Published Apr 07, 2022
3 pages (1597 words) — Published Apr 07, 2022
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About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) April 7, 2022--S&P Global Ratings revised the outlook to stable from negative and affirmed its 'AAA' long-term rating and underlying rating (SPUR) on San Francisco's previously issued general obligation (GO) bonds and its 'AA+' long-term rating and SPUR on the city and county's previously issued appropriation obligations. At the same time, S&P Global Ratings assigned its 'AAA' long-term rating, with a stable outlook, to San Francisco City and County's expected $316.2 million series 2022-R1 general obligation (GO) refunding bonds and its 'A-1+' short-term rating to San Francisco's expected $100 million series 3 (tax-exempt) and 3-T (taxable) lease revenue commercial paper (CP) certificates of participation. Last, S&P Global Ratings affirmed the following ratings: 'AAA/A-1+' joint support

  
Brief Excerpt:

...April 7, 2022 SAN FRANCISCO (S&P Global Ratings) April 7, 2022--S&P Global Ratings revised the outlook to stable from negative and affirmed its '###' long-term rating and underlying rating (SPUR) on San Francisco's previously issued general obligation (GO) bonds and its '##+' long-term rating and SPUR on the city and county's previously issued appropriation obligations. At the same time, S&P Global Ratings assigned its '###' long-term rating, with a stable outlook, to San Francisco City and County's expected $316.2 million series 2022-R1 general obligation (GO) refunding bonds and its 'A-1+' short-term rating to San Francisco's expected $100 million series 3 (tax-exempt) and 3-T (taxable) lease revenue commercial paper (CP) certificates of participation. Last, S&P Global Ratings affirmed the following ratings: - '###/A-1+' joint support rating on the city and county's previously issued series 2008-1 and 2008-2 variable-rate lease revenue obligations; and - 'A-1+' short-term rating on the...

  
Report Type:

Ratings Action

Issuer
San Francisco City and County
Sector
Global Issuers, Public 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position" Apr 07, 2022. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-Debt-Rating-Outlook-Revised-To-Stable-From-Negative-On-Financial-Position-2821140>
  
APA:
S&P Global Ratings’ Credit Research. (). San Francisco Debt Rating Outlook Revised To Stable From Negative On Financial Position Apr 07, 2022. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-Debt-Rating-Outlook-Revised-To-Stable-From-Negative-On-Financial-Position-2821140>
  
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