OREANDA-NEWS. S&P Global Ratings raised its underlying rating (SPUR) to 'A+' from 'A' on Cotati Facilities Financing Authority, Calif.'s tax allocation bonds (TABs), series 2001A, issued for Cotati Community Redevelopment Agency. The outlook remains stable.

"The raised rating reflects our view of the agency's recent property tax base growth and limited ability to issue additional debt following redevelopment dissolution," said S&P Global Ratings credit analyst Sarah Sullivant.

The 'A+' TAB rating reflects our view of the agency's:

Good recent assessed value (AV) growth, although total AV remains below prerecession peak levels; Participation in the deep and diverse Bay Area regional economy; andStrong maximum annual debt service coverage and low volatility ratio.