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Prospect News home > News index > List of issuers C > Headlines for California Infrastructure & Economic Development Bank > News item |
Moody's gives Aaa/VMIG1 to Calif. RAND bonds
Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to the California Infrastructure and Economic Development Bank's revenue bonds (RAND Corp.), $34.575 million of series 2008A and $93.565 million of series 2008B.
The ratings reflect letters of credit from Bank of America, NA, which is rated Aaa/P-1.
Sale of the bonds is expected on May 22.
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