| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Oakland Joint Powers Financing Authority > News item |
S&P lifts Oakland, Calif., debt to AA-, A+
Standard & Poor's said it raised its rating and underlying rating to AA- from A+ on the Oakland Joint Powers Financing Authority, Calif.'s 2005 revenue bonds and existing general obligation debt issued on behalf of the City of Oakland, Calif.
At the same time, S&P said it raised the underlying rating to A+ from A on Oakland's G.O. debt.
S&P also said it assigned the A+ rating to the authority's $110.335 million of (tax-exempt) series 2008A-1 and $20.335 million of (taxable) series 2008A-2 lease revenue refunding bonds.
Finally, S&P said it affirmed the A+ underlying rating on the authority's revenue refunding bonds, which were issued as auction-rate securities.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.