- Published: May 2012
Summary: Pittsburg Redevelopment Agency, California; Tax Increment
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on Pittsburg Redevelopment Agency, Calif.'s outstanding senior lien tax allocation bonds for project areas Los Medanos I, II and III. Standard & Poor's also affirmed its 'BBB' SPUR and long-term rating on Pittsburg Redevelopment Agency, Calif.'s series 2004A subordinate-lien, variable-rate tax allocation bonds (TABs). At the same time, Standard & Poor's affirmed its 'BBB' long-term rating and SPUR on the agency's fixed-rate subordinate-lien TABs issued for project areas Los Medanos I, II, and III. The outlook on all ratings is stable. In addition, Standard & Poor's affirmed its 'AAA/A-1+' long-term rating on the 2004A TABs, reflecting the application of our joint criteria assuming a low correlation between the California...
Companies mentioned in this report are: Pittsburg Redev Agy,California St Teachers Retire Sys,State Street Bank and Trust Co., Boston, MA
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Pittsburg Redev Agy,California St Teachers Retire Sys,State Street Bank and Trust Co., Boston, MA
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