NEW YORK--(BUSINESS WIRE)--
Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA with a Stable outlook to the City of Los Angeles Wastewater System Subordinate Revenue Bonds, Series 2017-A, Refunding Series 2017-B and Refunding Series 2017-C (Taxable). All three series of bonds are designated “Green Bond” reflecting the environmental benefits of the capital facilities being financed.
KBRA has also affirmed the long-term rating of AA+ and stable outlook to the City’s Wastewater System Revenue Senior Lien Bonds and the long-term rating of AA and stable outlook to the City’s Wastewater System Revenue Subordinate Lien Bonds.
This rating is based on KBRA’s U.S. Municipal Water and Sewer Revenue Bond Rating Methodology.
To view the report, please click here.
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).