A Mess of Solid-Waste Upgrades

Standard & Poor’s Thursday announced upgrades for 11 different California solid-waste systems.

Each bond issue was elevated between two and three notches. The outlook on the new ratings is stable.

The agency upgraded Burbank taxable waste-disposal refunding revenue bonds to AA-plus from AA-minus; Fresno solid-waste management enterprise revenue bonds to AA-minus from A-minus; Monterey Regional Waste Management Authority integrated waste-management refunding revenue bonds to AA-minus from A; Napa solid-waste revenue bonds to AA-minus from A-minus; Nevada County solid-waste certificates of participation to AA-minus from A-minus; North Lake Tahoe Public Financing Authority integrated waste-management revenue bonds, issued for Placer County, to AA-minus from A-minus; Sacramento County COPs to AA from A-plus; Salinas Valley Solid Waste Authority revenue bonds to A-plus from A-minus; Santa Cruz solid-waste COPs to AA from A-plus; Shasta Joint Powers Finance Authority solid-waste revenue bonds to AA from A; and Sunnyvale solid-waste refunding bonds to AA from A-plus.

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