City of Los Angeles Community Facilities District No. 4

• Issue Currency: United States of America Dollars
• Announcement Date: 19-Jun-2018
• News: S&P Global Ratings raised its longterm rating to `A+` from `BBB+` on the Los Angeles Community Facilities District (CFD) No. 4 (Playa Vista), Calif.`s series 2014 special tax refunding bonds. The outlook is stable. ""The raised rating reflects the application of our updated criteria for assessing special assessments,"" said S&P Global Ratings credit analyst Jean Lee. Bond proceeds were used to refund all of the district`s series 2003 bonds. The city of Los Angeles serves an estimated 3.9 million people, and its median household effective buying income is 94.5% of the national level. However, we understand that Playa Vista, located in the western portion of the city, boasts higher home values than the city average and has significantly higher income indicators. The neighorbhood is a hub for technology, media, and entertainment businesses, including companies such as Google and Facebook.