- Language: English
- 54 Pages
- Published: September 2011
- Region: World
Midpeninsula Regional Open Space District, CA's Revenue Bond Rating Raised To 'AA-' On Very Strong Reserve Levels
- Standard & Poors
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Research type: News
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SAN FRANCISCO (Standard & Poor's) Nov. 19, 2010-- Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A+' on Midpeninsula Regional Open Space District, Calif.'s outstanding lease revenue bonds issued by Midpeninsula Regional Open Space District Financing Authority. At the same time, Standard & Poor's raised its SPUR to 'AA' from 'AA-' on the district's outstanding limited tax notes. Finally, Standard & Poor's assigned its 'AA-' long-term rating to the district's series 2011 lease revenue bonds. The outlook is stable. "The raised rating reflects our view of the district's financial flexibility as well as its history of maintaining very strong reserve levels," said Standard & Poor's credit analyst Li Yang. "Further supporting the rating is our...
Companies mentioned in this report are: Midpeninsula Regl Open Space Dist,Midpeninsula Regl Open Space Dist Fincg Auth
Action: New Rating
Action: Outlook: Stable
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Midpeninsula Regl Open Space Dist,Midpeninsula Regl Open Space Dist Fincg Auth
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