S&P Global Ratings, a leading provider of credit ratings worldwide has awarded Jurupa Community Services District (District) an ‘A+’ credit rating for its Series 2014A Special Tax Bonds. The outlook is stable.
S&P Global Ratings provides independent investment research including ratings on investment instruments. These ratings express an opinion about the ability of an issuer, such as a state or city government, to meets its financial obligations in full and on time. An ‘A+’ rating represents above-average creditworthiness, and it is given to companies whose outlook is stable and are deemed to have a very strong capacity to meet financial commitments.
A thorough evaluation of the Districts’ strong economic characteristics and financial profile led to the long-term credit rating upgrade from ‘A-’ to ‘A+’. According to S&P Global Ratings, the rating action reflects the application of updated methodology “Special Assessment Debt,” published April 2, 2018, on RatingsDirect.com.
The stable outlook reflects an expectation that the local economy will remain strong with strong incomes and rapid population growth.
