Oakley Public Financing Authority, CA Series 2012 Bond Rating Raised To #BBB# On Improved Value-To-Liens, Delinquencies

Stocks and Financial Services Press Releases Wednesday September 17, 2014 08:55
SAN FRANCISCO--17 Sep--Standard & Poor's

SAN FRANCISCO (Standard & Poor's) Sept. 16, 2014--Standard & Poor's RatingsServices raised its long-term rating to 'BBB' from 'BBB-' on the Oakley PublicFinancing Authority, Calif.'s series 2012 refunding revenue bonds issued onbehalf of city's Assessment District 2004-1. The outlook is stable.

"The raised rating reflects our opinion of the district's recent assessedvalue growth, which has improved value-to-lien ratios somewhat, as well asdeclining taxpayer delinquency rates," said Standard & Poor's credit analystSarah Sullivant.

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