OCTA header

Public Comments
Public comments may be submitted pursuant to the instructions noticed in the meeting agenda, which will be available at least 72 hours prior to the meeting.

Live and Archived Audio
NEW: Listen to the live and recorded Board and Committee meetings in the "Video/Audio" column below.

 
File #: 19-1979   
Type: Orange County Transportation Authority Item Status: Passed
File created: 5/20/2019 In control: Board
On agenda: 7/22/2019 Final action: 7/22/2019
Title: Second Quarter 2019 Investment and Debt Report
Sponsors: Sean Murdock, Andrew Oftelie
Attachments: 1. Staff Report, 2. Attachment A, 3. Attachment B, 4. Attachment C, 5. Attachment D, 6. Attachment E, 7. Attachment F, 8. Attachment G

Title

Second Quarter 2019 Investment and Debt Report

 

Overview

The California Government Code authorizes the Orange County Transportation Authority Treasurer to submit a quarterly investment report detailing the investment activity for the period.  This investment report covers the second quarter of 2019, April through June, and includes a discussion on the Orange County Transportation Authority’s debt portfolio.  Nissan, an issuer for asset-backed securities held by Orange County Transportation Authority, was downgraded from A2 to A3, which is below Orange County Transportation Authority’s investment policy requirement of A2.  The asset-backed securities continue to be AAA-rated with no negative price action since the Nissan downgrade, so Orange County Transportation Authority has chosen to retain the securities.

 

Recommendation(s)

Receive and file the Quarterly Debt and Investment Report prepared by the Treasurer as an information item.