Skip navigation
navigation section title graphic for programs
navigation section title graphic for resources
navigation section title graphic for services
navigation section title graphic for newsletter
Subscribe by entering your

Read newsletter

News

News Home | News Archive | Region Newsletter


Agencies reaffirm SANDAG AAA credit ratings

June 15, 2017 - The national bond rating agencies Standard & Poor’s and Fitch Ratings both reaffirmed the highest possible credit ratings for SANDAG in recent reports.

On June 8, Fitch announced it had reaffirmed SANDAG’s AAA rating for the agency’s outstanding sales tax revenue bonds. On June 9, Standard & Poor’s (S&P) made a similar announcement, reaffirming SANDAG’s AAA ratings. Both are the highest possible ratings, reflecting the agency’s capacity to meet its obligations.

Per S&P, the SANDAG-managed TransNet revenue stream is demonstrating an overall trend of positive growth, with the half-cent sales tax having increased by 35 percent in the past seven years (up to fiscal year 2016), a trend that is above peer sales tax revenue collection trends in California.

Project Manager(s)

For media inquiries, please contact the SANDAG Public Information Office at (619) 699-1950 or pio@sandag.org.