Summary: San Francisco City and County; Appropriations; CP; General Obligation; Joint Criteria

S&P Global Ratings has revised its outlook to positive from stable on San Francisco City and County, Calif.'s general obligation (GO) debt. At the same time, S&P Global Ratings has affirmed its 'AA+' long term rating on the GO debt, and affirmed its 'AA' long-term and underlying ratings (SPUR) on the city and county's appropriation obligations. In addition, S&P Global Ratings assigned its 'AA+' long-term rating, and positive outlook to the city and county's series 2018A (Clean and Safe Neighborhood Parks, election of 2012) and 2018B (transportation and road improvements, election of 2014) GO bonds. The outlook revision reflects our view of the city and county's long-term trend of robust local economic performance from an already very strong base and

...S&P Global Ratings has revised its outlook to positive from stable on San Francisco City and County, Calif.'s general obligation (GO) debt. At the same time, S&P Global Ratings has affirmed its '##+' long term rating on the GO debt, and affirmed its '##' long-term and underlying ratings (SPUR) on the city and county's appropriation obligations. In addition, S&P Global Ratings assigned its '##+' long-term rating, and positive outlook to the city and county's series 2018A (Clean and Safe Neighborhood Parks, election of 2012) and 2018B (transportation and road improvements, election of 2014) GO bonds. The outlook revision reflects our view of the city and county's long-term trend of robust local economic performance from an already very strong base and an associated strengthening in revenues and tax base that have improved its capacity to meet capital and service priorities. The outlook also reflects our view that policy changes and effective budgetary discipline since the end of the Great...

Summary