Santa Barbara, CA Revenue Bond Rating Raised To #AA# Due To Application Of Our Updated Criteria

Stocks and Financial Services Press Releases Wednesday February 19, 2014 09:06
SAN FRANCISCO--19 Feb--Standard & Poor's

SAN FRANCISCO (Standard & Poor's) Feb. 18, 2014-- Standard & Poor's Ratings Services raised its long-term rating to 'AA' from 'AA-' on the Santa Barbara Financing Authority, Calif.'s series 2009 revenue bonds (airport project), issued on behalf of the City of Santa Barbara. The outlook is stable.

"The raised rating is based on our local GO criteria released Sept. 12, 2013," said Standard & Poor's credit analyst Li Yang. "Should the city's financial position and flexibility score remain very strong and if the city reduces its large pension costs during the next few years, then we could raise the rating," Mr. Yang added.

The city has access to the broad and diverse economy of the Santa Maria-Santa Barbara metropolitan area in Southern California.

Latest Press Release

Infineon Technologies AG announces results for the fourth quarter of its 2018 fiscal year

Following a successful 2018 fiscal year Infineon confirms its targets for revenue, Segment Result and investments that were raised in June. Further dividend increase planned - Q4 FY 2018: Revenue EUR 2,047 million, plus 5 percent quarter-on-quarter;...

SET announces 63 listed firms, five CEOs nominated for SET Awards 2018

63 listed companies and five CEOs have been nominated for SET Awards 2018. The announcement and the award presentation, which is the fifteenth of its kind, will take place on November 27, 2018. SET President Pakorn Peetathawatchai said that The Stock...

Fitch Ratings: Global Power Synergy Still on Watch after Appeal of Regulator Decision

The ratings on Global Power Synergy Public Company Limited (GPSC) remain on Rating Watch Negative (RWN) after the company said it submitted an appeal of the Energy Regulatory Commission's (ERC) order to block GPSC's acquisition of GLOW Energy Public...

Fitch Affirms Makro#s Rating at #A(tha)#; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's National Long-Term Rating at 'A(tha)'. The Outlook is Stable. KEY RATING DRIVERS Overseas Expansion Drives Rising Leverage: Makro's funds from operations (FFO) adjusted...

Fitch Affirms CP ALL#s Ratings at #A(tha)#; OutlookStable

Fitch Ratings (Thailand) Limited has affirmed retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch has also affirmed the National Long-Term Rating of its secured bonds at 'A(tha)', the National...

Related Topics