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KBRA Releases Report Assigning AA+ and Stable Outlook to Public Facilities Financing Authority of the City of San Diego Senior Water Revenue Bonds Series 2020 A&B

April 22, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Apr 22, 2020--

On April 20, 2022, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ and Stable Outlook to the Public Facilities Financing Authority of the City of San Diego Senior Water Revenue Bonds Series 2020A (Tax-Exempt) and Series 2020B (Federally Taxable). KBRA additionally affirmed the long-term rating of AA and Stable Outlook on the City of San Diego, CA Pure Water San Diego Phase 1 North City Project WIFIA Loan (Subordinate Obligation).

Click here to view the report. To access ratings and relevant documents, click here.

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Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the U.S. Information Disclosure Form located here.

Information on the meaning of each rating category can be located here.

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Further disclosures relating to this rating action are available in the U.S. Information Disclosure Form referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission. 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. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200422005854/en/

CONTACT: Analytical

Patricia McGuigan, Senior Director (Lead Analyst)

+1 (646) 731-3350

pmcguigan@kbra.com

Peter Scherer, Associate

+1 (646) 731-2325

pscherer@kbra.com

Karen Daly, Senior Managing Director (Rating Committee Chair)

+1 (646) 731-2347

kdaly@kbra.com

Business Development

Bill Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 04/22/2020 02:02 PM/DISC: 04/22/2020 02:02 PM

http://www.businesswire.com/news/home/20200422005854/en