S&P Global Ratings assigned its 'AA+' long-term rating to the Northern California Sanitation Agencies Financing Authority's anticipated $433.5 million series 2024A refunding revenue bonds, issued for Sacramento Area Sewer District (SacSewer) Treatment and Resource Recovery System. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating on the authority's existing senior-lien revenue bonds, issued for SacSewer's Treatment and Resource Recovery System. The outlook is stable. The series 2024A revenue bonds will be used to refund the district's series 2012A, 2013B, 2013C, 2013D variable-rate bonds, and 2014A fixed-rate bonds. As part of the refunding transaction, the district will use its cash to terminate two interest rate swaps previously entered by the district in connection with the
