Stockton Mosher Reassessment District No. 2014-1, CA Revenue Bond Rating Raised To 'A' On Criteria Application

SAN FRANCISCO (S&P Global Ratings) Feb. 1, 2019--S&P Global Ratings raised its 
long-term rating to 'A' from 'BBB+' on the Stockton Public Financing Authority,
 Calif.'s series 2014 limited obligation revenue bonds, issued on behalf of 
Stockton Mosher Reassessment District No. 2014-1. The outlook is stable. 

The rating action reflects the application of our updated methodology "Special 
Assessment Debt," published April 2, 2018 on RatingsDirect. 

"The ratings reflect our view of such factors as the district's strong 
district characteristics and adequate financial profile," said S&P Global 
Ratings credit analyst Brian Phuvan. 

The stable outlook reflects our expectation that the annual delinquencies will 
remain very low within the district, given the district's full development 
status and long-standing residence.