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Prospect News home > News index > List of issuers I > Headlines for Irvine Ranch Water District > News item |
S&P rates Irvine Ranch, Calif., water bonds A+/A-1
Standard & Poor's said it assigned an A+/A-1 rating to Irvine Ranch Water District, Calif.'s $60 million of consolidated refunding series 2008A bonds and $100 million of consolidated refunding series 2008B bonds.
The rating are based on irrevocable, direct-pay letters of credit provided by Landesbank Baden-Wuttemberg, which is rated A+/A-1.
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