Standard & Poor’s Downgrades Certain California Redevelopment Bonds

NEW YORK Jan. 25, 2012--Standard & Poor's Ratings Services placed its long-term and underlying ratings (SPURs) on certain taxable allocation bonds (TABs) of five redevelopment agencies (RDAs) on CreditWatch with negative implications as follows: San Pablo RDA ('AA' long-term joint criteria/'BBB-' SPUR), variable-rate series 2006 subordinate-lien net tax increment of tenth township project area; Pittsburg […]