KBRA Releases Report Affirming AA+ Rating, Stable Outlook on the City of Los Angeles, CA General Obligation Bonds, and Affirming AA Rating, Stable Outlook on Various MICLA Lease Revenue Bonds

On August 28, 2024, KBRA affirmed the long-term rating of AA+ on the General Obligation Bonds of the City of Los Angeles, CA. The Outlook is Stable. Concurrently, KBRA affirmed the long-term rating of AA and Stable Outlook on various Lease Revenue Bonds of the Municipal Improvement Corporation of Los Angeles (MICLA). The ratings on the MICLA Lease Revenue Bonds are derived from the City's G.O. rating, with a distinction made to reflect the presence of abatement risk in the security structure.

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