San Diego County Investor Relations

Credit Rating

As of 06/14/2024

Issuer Rating 

• Moody’s: Aaa
• S&P: AAA
• Fitch: AAA

Certificates of Participation & Lease Revenue Bonds 

• Moody’s: Aa1
• S&P: AA+
• Fitch: AA+

Pension Obligation Bonds

• Moody’s: Aaa
• S&P: AAA
• Fitch: AAA *

Investment Pool 

• Fitch: AAAf/S1 

Overview

• Summary of Long-Term Obligations
• Summary Table of General Fund Long-Term Obligations - Payments All Years 
• Charts of General Fund Long-Term Obligations All Years

Disclosures

• Annual Filing of Continuing Disclosure Fiscal Year 2022-23: Pension Obligation Bonds
• Annual Filing of Continuing Disclosure Fiscal Year 2022-23: Lease Revenue Bonds and Certificates of Participation
• Notice of Retention of Independent Registered Municipal Advisor
• For secondary market disclosures, register and log in at https://www.dacbond.com. Search for OBLIGOR name SAN DIEGO COUNTY. For assistance, please contact DAC Bond support.  

Pension Obligation Bonds

2008

• Official Statement - Series A
• Debt Service Schedule A
• Rating Agency Presentation

2004

• Official Statement
  
• Official Statement - Fixed Rate Conversion of 2004 ARS B1 and B2
• Debt Service Schedule A
• Debt Service Schedule B1, B2
• Debt Service Schedule C

Lease Revenue Bonds

2016 County Operations Center, San Diego Regional Building Authority

• Official Statement
• Debt Service Schedule
• Rating Agency Presentation

Tax Allocation Bonds

2005 Gillespie Field Project

• Official Statement

Certificates of Participation

2024 Edgemoor Refunding

• Official Statement
• Debt Service Schedule

2023 County Public Health Laboratory and Capital Improvements

• Official Statement
• Debt Service Schedule
  
• Rating Agency Presentation

2021 Youth Transition Campus

• Official Statement
• Debt Service Schedule
• Rating Agency Presentation

2020A County Administration Center Waterfront Park 

• Official Statement
• Debt Service Schedule
  
• Rating Agency Presentation

2020B Cedar and Kettner Development

• Official Statement
• Debt Service Schedule
  
• Rating Agency Presentation

2019 Justice Facilities Refunding

• Official Statement
• Debt Service Schedule
  
• Rating Agency Presentation

Debt Management

For comprehensive information, view the Debt Management Policies and Obligations section of the County of San Diego Operational Plan.  

Debt Advisory Committee

The Debt Advisory Committee reviews and evaluates financial obligations that bear the name of the County of San Diego or of any subordinate agency of the County, centralizing the management of long-term obligations. The committee is composed of the Chief Financial Officer, Auditor & Controller, and Treasurer-Tax Collector. 

San Diego Capital Asset Leasing Corporation

San Diego County Capital Asset Leasing Corporation (SANCAL) was established to finance the acquisition of County buildings and equipment. 

Policies

San Diego County Code of Administrative Ordinances

• 113.1.-113.3 GENERAL FUND BALANCES AND RESERVES
• 113.4 FUND BALANCES AND USE OF ONE TIME REVENUES
• 113.5. MANAGEMENT PRACTICES

San Diego County Board of Supervisors Policy

• A-104 The Role of San Diego County Capital Asset Leasing Corporation
  
• B-37 Use of Capital Program Funds
• B-065 Long-Term Financial Obligation Management Policy
• I-136 Comprehensive Goals and Policies for Community Facilities Districts

Other Policies

• Disclosure Controls and Procedures
• Refunding Policy
• Post Issuance Tax Compliance
• Interest Rate Swap Policy