Standard & Poor's Ratings Services said it lowered its ratings to CCC-plus from BB on Hercules Public Financing Authority, Calif.'s series 2010 (electric system project) revenue and revenue refunding bonds, series 2003B lease revenue bonds, and series 2009 taxable lease revenue bonds (Bio-Rad Project), issued for the city of Hercules.

The outlook on all bonds is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.