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

S&P Global Ratings assigned its 'AA' long-term rating to San Francisco City and County Finance Corp.'s $32.4 million series 2018A refunding lease revenue bonds (open space fund--various park projects) and $13.2 million series 2018B refunding lease revenue bonds (branch library improvement program). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the city and county's GO debt and its 'AA' long-term rating and underlying rating (SPUR) on the city and county's appropriation obligations. Finally, S&P Global Ratings affirmed its 'AAA/A-1+' joint-support rating on the city and county's series 2008 variable-rate lease revenue obligations, and its 'A-1+' short-term rating on the city and county's series 1, 1-T, 2, 2-T, 3, and 3-T commercial paper (CP). The outlook,

...S&P Global Ratings assigned its '##' long-term rating to San Francisco City and County Finance Corp.'s $32.4 million series 2018A refunding lease revenue bonds (open space fund--various park projects) and $13.2 million series 2018B refunding lease revenue bonds (branch library improvement program). At the same time, S&P Global Ratings affirmed its '##+' long-term rating on the city and county's GO debt and its '##' long-term rating and underlying rating (SPUR) on the city and county's appropriation obligations. Finally, S&P Global Ratings affirmed its '###/A-1+' joint-support rating on the city and county's series 2008 variable-rate lease revenue obligations, and its 'A-1+' short-term rating on the city and county's series 1, 1-T, 2, 2-T, 3, and 3-T commercial paper (CP). The outlook, where applicable, is positive....

Summary