Formula 1

Fitch Rates San Diego USD, CA's $117MM GO Bonds 'AAA' and $8MM GOs 'F1+'; Outlook Stable

www.fitchratings.com

The 'F1+' rating on the 2021 L1 is based on Fitch's mapping to the long-term credit quality of the GO bonds. (SEE BELOW FOR IDR ANALYSIS).

www.fitchratings.com

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