SAN FRANCISCO (Standard&Poor's) Oct. 8, 2013--Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'AA+' from 'AA' on San Francisco City&County, Calif.'s general obligation (GO) bonds outstanding and raised its long-term rating and SPUR to 'AA' from 'AA-' on the city's lease revenue bonds and certificates of participation (COPs). At the same time, Standard&Poor's assigned its 'AA' rating to the city's series 2013B and 2013C COPs. The outlook is stable. "The raised ratings are based on our recently released local GO criteria," said Standard&Poor's credit analyst Misty Newland. The ratings reflect our assessment of the following factors for the city: Very strong economy Strong budgetary flexibility, Adequate
