KBRA Publishes Rating Report for the City of Los Angeles General Obligation Bonds 2018 Series

NEW YORK--()--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

Issuer:           City of Los Angeles, CA

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.

Contacts

Kroll Bond Rating Agency
Analytical:
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Peter Scherer, 646-731-2325
Associate
pscherer@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com

Contacts

Kroll Bond Rating Agency
Analytical:
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Peter Scherer, 646-731-2325
Associate
pscherer@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com