|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Oxnard, CA, Ratings Unaffected By Ventura County DA's Office Investigation Aug 10
Standard & Poors, Aug 2010
Abstract
SAN FRANCISCO (Standard & Poor's) Aug. 19, 2010--Standard & Poor's Ratings Services said today that an ongoing investigation of Oxnard, Calif., by the Ventura County district attorney's office does not have immediate implications for Standard & Poor's ratings on the city or its water revenue bonds, based on available information. We maintain an A+/Stable rating on the city's water revenue bonds and an A+/Stable issuer credit rating (ICR) on the city. The district attorney's office has stated that it is focusing on potential misappropriation of public moneys, handling of contracts, and potential conflicts of interest, although it has not defined the scope of its investigation. Based on a discussion with city management, we believe that one likely topic is the...
Companies mentioned in this report are: Oxnard
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
