September 30, 2016 / 7:16 PM / a year ago

BRIEF-S&P rates California's GO refunding bonds, Taxable GO bonds 'AA-'

Sept 30 (Reuters) - S&P Global Ratings

* California’s GO refunding bonds, taxable GO bonds assigned ‘AA-’ rating

* State’s general fund serves as the source of all GO bond repayment, to which California has pledged its full faith and credit

* GO ratings based on view of state's expanding economy, commitment to aligning recurring revenues while paying down budgetary debts Source text for Eikon: [ID:bit.ly/2dxu2eZ]

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