Outlook On Fremont, CA's Debt Revised To Stable On City-Projected Fiscal 2013 Operating Surplus Mar 12
Standard & Poors, March 2012
Abstract
SAN FRANCISCO (Standard & Poor's) March 26, 2012--Standard & Poor's Ratings Services revised the outlook to stable from negative on Fremont, Calif.'s debt. Standard & Poor's also assigned its 'AA+' long-term rating to the city's 2012 general obligation (GO) refunding bonds. In addition, Standard & Poor's assigned its 'AA' long-term rating to the city's 2012 refinancing certificates of participation (COPs), series A. Standard & Poor's also affirmed its 'AA+' long-term rating and SPUR on the city's GO bonds outstanding and its 'AA' long-term rating and SPUR on the city's COPs outstanding, including those issued by the Fremont Public Financing Authority on behalf of the city. Finally, Standard & Poor's affirmed its 'AAA/A-1' rating on the city's variable-rate demand COPs (1998,...
Companies mentioned in this report are: Fremont
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 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.
Fremont
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