Summary: Los Angeles, California; Appropriations

S&P Global Ratings assigned its 'AA+' long-term rating to the Municipal Improvement Corp. of Los Angeles, Calif.'s series 2014-A, 2014-B, 2019-A, and 2019-B lease revenue bonds, issued on behalf of the City of Los Angeles. The outlook is stable. The rating reflects our view of the defeasance of the bonds through the deposit of refunding bond proceeds in an escrow fund on March 4, 2021, and the application of our escrow criteria, titled "Methodology And Assumptions: Assigning Ratings To Bonds In The U.S. Based On Escrowed Collateral," published Nov. 30, 2012. The issuer will refund the bonds in full at the redemption price of par plus accrued interest on May 1, 2024, the bonds' redemption date. The rating reflects our

...S&P Global Ratings assigned its '##+' long-term rating to the Municipal Improvement Corp. of Los Angeles, Calif.'s series 2014-A, 2014-B, 2019-A, and 2019-B lease revenue bonds, issued on behalf of the City of Los Angeles. The outlook is stable. The rating reflects our view of the defeasance of the bonds through the deposit of refunding bond proceeds in an escrow fund on March 4, 2021, and the application of our escrow criteria, titled "Methodology And Assumptions: Assigning Ratings To Bonds In The U.S. Based On Escrowed Collateral," published Nov. 30, 2012. The issuer will refund the bonds in full at the redemption price of par plus accrued interest on May 1, 2024, the bonds' redemption date....

Summary