S&P assigns A- to Industry Urban Development, Calif., bonds

Standard & Poor's said it assigned its A- rating to the Industry Urban Development Agency, Calif.'s tax allocation bonds, series 2008 (Civic Recreational Industrial Redevelopment Project Area No. 1). In addition, S&P affirmed its A- underlying rating on the project area's outstanding bonds.

The $56.575 million series 2008 bonds will mature May 1, 2021.

The bond proceeds will be used to refund the project area's series 2003B bonds.

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