S&P Global Ratings assigned its 'AA+' long-term rating to San Francisco City and County (the city's), Calif.'s approximately $103.9 million series 2023A certificates of participation (COPs), and approximately $79.3 million series 2023B COPs. Additionally, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating (SPUR) on San Francisco's outstanding general obligation (GO) debt, its 'AA+' long-term rating and SPUR on the city's outstanding appropriation obligations, and its 'AAA/A-1+' joint support rating on the city's outstanding series 2008-1 and 2008-2 variable rate lease revenue obligations. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on the city's series 2&2-T and series 3&3-T lease revenue commercial paper (CP) certificates. The outlook, where applicable, is stable. The series 2023A&B COPs are secured
