NEW YORK--(BUSINESS WIRE)--On June 12, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Stable Outlook to the City of Los Angeles, CA General Obligation Bonds Series 2018-A (Taxable) (Social Bonds), Series 2018-B (Tax-Exempt), and Series 2018-C (Taxable). KBRA also affirmed the long-term rating of AA with a Stable Outlook on the City’s outstanding General Obligation Bonds.
Ratings |
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Issuer: City of Los Angeles, CA |
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Series/Bond | Rating | Outlook | Action | |||||||||
General Obligation Bonds Series 2018-A
(Taxable) (Social Bonds) |
AA | Stable | Assigned | |||||||||
General Obligation Refunding Bonds Series 2018-B
(Tax-Exempt) |
AA | Stable | Assigned | |||||||||
General Obligation Refunding Bonds Series 2018-C
(Taxable) |
AA | Stable | Assigned | |||||||||
General Obligation Bonds | AA | Stable | Affirmed | |||||||||
KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted. | ||||||||||||
KBRA’s rating assessment of the City’s general obligation (“GO”) bonds is based on KBRA’s U.S. Local Government General Obligation Rating Methodology.
To access the report, click here.
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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 recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.