Standard&Poor's Ratings Services affirmed its 'A' rating on Oceanside, Calif.'s street light acquisition project certificates of participation. The rating reflects the general creditworthiness of the city and the lease legal structure, which includes the city's covenant to levy and collect assessments annually for its landscaping and lighting district in an amount sufficient to pay lease payments. The city's general creditworthiness reflects: Its proximity to the broader San Diego metropolitan area economy, Sound financial position, Low debt burden, and Below-average income levels. Oceanside, with a population of 169,805, is a growing middle-income community located in northern San Diego County, 35 miles north of San Diego, whose growth has resulted from access to employment opportunities in San Diego and Orange
