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California Special District Assn. Finance Corp. Series 2002OO Certificates Of Participation Rating Raised To 'A+' Mar 11
Standard & Poors, March 2011
Abstract
DALLAS (Standard & Poor's) March 31, 2011--Standard & Poor's Ratings Services raised its underlying rating (SPUR) on California Special District Assn. Finance Corp.'s series 2002OO certificates of participation (COPs), supported by Sacramento Metropolitan Air Quality Management District, one notch to 'A+' from 'A' based on its opinion of the resilience of the district's revenues through an economic downturn and the district's subsequent maintenance of strong general fund reserves. The outlook is stable. Other credit strengths include Standard & Poor's opinion of the district's: Large and diverse economic base that includes the stabilizing influence of the government sector associated with the state capitol; and Financial flexibility due to its control over the rate associated with one of its larger revenue streams,...
Companies mentioned in this report are: Sacramento Metro Air Qlty Mgmt Dist,California Spl Dist Assn Fin Corp
Action: Outlook: Stable
Action: Upgraded
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.
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