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Fitch affirmed San Francisco’s long-term ratings, including AAA on its general obligation debt and AA+ on lease obligations, with a stable outlook. The agency said the city’s economic importance and resilience supported the rating.
Fitch affirmed Burbank Unified School District, California's issuer default rating and general obligation bonds at A and kept the outlook stable. The agency also removed the district's 1997 unlimited-tax GO bonds from Under Criteria Observation.