Alameda County Transportation Commission’s (Alameda CTC) “AAA” rating of its Series 2014 sales tax revenue bonds (limited tax bonds) has been reaffirmed by S&P Global Ratings. The bonds of approximately $137.1 million were sold in March 2014 and are secured by Measure B, Alameda County’s half-cent transportation sales tax measure, and have a scheduled final maturity date of March 1, 2022. The issuance of these bonds has enabled Alameda CTC to efficiently deliver critical voter-approved transportation infrastructure improvement projects, fulfilling its promise to voters.
The strength of Alameda CTC’s credit profile benefits from the county’s proximity to the thriving San Francisco Bay Area regional economy. With a strong foundation of technology and financial services, the local economy holds not only regional, but national and international importance, and Alameda County continues to grow at rates that outpace the state and the nation.
For more detail, see the press release.