KBRA Publishes Rating Report for the City of Los Angeles General Obligation Bonds 2018 Series
NEW YORK--(BUSINESS WIRE)--Jun 14, 2018--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.
KBRA’s rating assessment of the City’s general obligation (“GO”) bonds is based on KBRA’s .
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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.
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CONTACT: Kroll Bond Rating Agency
Alice Cheng, 646-731-2403
Peter Scherer, 646-731-2325
Kate Hackett, 646-731-2304
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 06/14/2018 01:04 PM/DISC: 06/14/2018 01:04 PM