NEW YORK--(BUSINESS WIRE)--On October 16, 2018, Kroll Bond Rating Agency, (KBRA) assigned a long-term rating of AA with a Stable Outlook to the City of Los Angeles Wastewater System Subordinate Revenue Bonds, Series 2018-A (Green Bonds) and Wastewater System Subordinate Revenue Bonds, Refunding Series 2018-B.
Issuer: City of Los Angeles, CA | ||||
Assigned | ||||
Ratings | Outlook | |||
Wastewater System Subordinate Revenue Bonds, |
AA | Stable | ||
Wastewater System Subordinate Revenue Bonds, |
AA | Stable | ||
Affirmed | ||||
Ratings | Outlook | |||
Wastewater System Senior Lien Revenue Bonds | AA+ | Stable | ||
Wastewater System Subordinate Lien Revenue Bonds | AA | Stable | ||
Methodology: |
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U.S. Municipal Water and Sewer Revenue Bond Rating Methodology |
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.