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Standard & Poors downgrades Oxnard (again)

Standard & Poors downgrades Oxnard (again)

By George Miller Rating agency Standard & Poors downgraded Oxnard’s General Fund from A to A-. They cited a number of factors which impelled them to do this, but also pointed out some positive developments. Part of S&P summary: S&P Global Ratings lowered its long-term rating to ‘A-‘ from ‘A’ on the Oxnard Financing Authority, […]

Financial outlook for City of Oxnard’s general fund revised from negative to stable by Standard and Poor’s

Financial outlook for City of Oxnard’s general fund revised from negative to stable by Standard and Poor’s

OXNARD Calif.–City Manager Greg Nyhoff announced that Standard and Poor’s revised the financial outlook for the City’s general fund from negative to stable in its latest report dated Sept. 26, 2016. The report cites the stabilization of the City’s general fund as well as the approval of employee labor agreements as the basis for the outlook […]

Oxnard Bond ratings released

Oxnard Bond ratings released

By George Miller The Oxnard City Manager’s office sent the latest wastewater and water bond ratings to us.   Download Wastewater Water   Bond ratings are closely watched by lenders. While there was a slight reduction in creditworthiness, it won’t have a large impact on ratepayers, rates or the city’s ability to borrow for large upcoming […]