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Summary: San Ramon, California; Appropriations; General Obligation Jun 11

  • ID: 1825752
  • June 2011
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to San Ramon, Calif.'s refunding certificates of participation (COPs) series 2011. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating on the city's pension obligation bonds, its 'AA+' underlying rating (SPUR) on the city's COPs series 2001, and its 'AAA' long-term rating on the city's issuer credit rating (ICR). The outlook is stable. The COPs ratings reflect our view of: The city's general credit-worthiness ('AAA' ICR); and Pledged lease revenues subject to abatement in the event of damage, destruction, or impairment of the leased assets. The 'AAA' ICR reflects our view of the city's: Very strong underlying economy with full participation in the greater San Francisco Bay...

Companies mentioned in this report are: San Ramon
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

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San Ramon

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