Tag Archives: Standard and Poor’s

County issues $99.8 million in bonds

Contra Costa County has closed a $99,810,000 lease revenue bond transaction as the result of an innovative agreement with Wells Fargo Bank. Roughly $9.7 million will fund capital projects within the County’s health services department, including its hospital and clinic system.  The remaining $90.1 million will be used to refinance …

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County credit rating upgraded by Moody’s

Moody’s Investors Service upgraded the credit rating of existing Contra Costa County lease revenue bonds from “A1,” rated as upper-medium grade and low credit risk, to “Aa3,” rated as high quality and very low credit risk. The Oct. 6, 2016, upgrade follows the implementation of a new rating methodology implemented …

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