S&P Global Affirms “AAA” Rating for PICA Bonds

December 13, 2018 — Today, S&P Global Rating affirmed its “AAA” Rating on PICA’s special tax revenue bonds, under the application of its new Priority-Lien Tax Revenue Debt criteria, with a stable outlook.

In their announcement S&P Global Rating viewed the “unique structure, and purpose of the organization of PICA as an autonomous oversight board created by the state of Pennsylvania for the City of Philadelphia as a key credit factor.”

For the full report click here.