SAN FRANCISCO — Some California redevelopment agency bonds with poor backstops will face credit stress if legislation to disband the agencies or force large payouts is upheld in court, according to Standard & Poor’s.

The rating agency said in a report Monday that 16 RDA ratings, placed on negative credit watch earlier this month, are particularly at risk.

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.