Fitch Ratings

AA-

General Obligation

Outlook
Stable
Date
May 2016
A+

State Public Works Board*

Outlook
Stable
Date
Aug 2016
Notes

*Does not include ratings for Public Works Board Bonds issued on behalf of the University of California or California State University.

www.fitchratings.com

Moody's Investors Service

Aa3

General Obligation

Outlook
Stable
Date
May 2016
A1

State Public Works Board*

Outlook
Stable
Date
Jun 2016
Notes

*Does not include ratings for Public Works Board Bonds issued on behalf of the University of California or California State University.

www.moodys.com

S&P Global Ratings

AA-

General Obligation

Outlook
Stable
Date
May 2016
A+

State Public Works Board*

Outlook
Stable
Date
Jul 2015
Notes

*Does not include ratings for Public Works Board Bonds issued on behalf of the University of California or California State University.

Standard & Poor's