Standard&Poor's Ratings Services affirmed its 'A+' issuer credit rating on the City of El Centro Calif. Standard&Poor's also affirmed its 'A' rating on El Centro Finance Authority's lease revenue bonds. The outlook is stable. The bonds are secured by city lease rental payments. The city covenants to budget and appropriate lease payments. The rating reflects our assessment of the following factors for the city: We consider El Centro's economy to be very weak, with projected per capita effective buying income as a percent of the U.S. at 67% and per capita market value of $45,200. The county's unemployment rate for 2013 was 24.5%. In our opinion, the city's budgetary flexibility remains very strong, with reserves above
