Standard&Poor's Ratings Services affirmed its 'A+' issuer credit rating (ICR) on the City of El Centro, Calif. In addition, Standard&Poor's affirmed its 'A' rating to the city's lease revenue bonds issued by the El Centro Financing Authority. The outlook is stable. The lease revenue bond rating reflects our view of the city's: General creditworthiness, and Covenant to budget and appropriate lease payments. The lease-backed revenue bonds are secured by city lease rental payments. The city covenants to budget and appropriate lease payments. The lease site is on about 117 miles of city roads. The bond proceeds were used for road and transportation projects under Measure D, a retail transaction and use tax to be used for
