Moody's gives Aa2 to East Bay, Calif., utility bonds

Moody's Investors Service said it assigned Aa2 underlying long-term ratings and VMIG1 short-term ratings to East Bay Municipal Utility District's $874.525 million of water system subordinated revenue refunding bonds, series 2008A, 2008B and 2008C.

The issue consists of $322.525 million of series 2008A, $160 million of series 2008B and $392 million of series 2008C.

The series 2008A and series 2008C bonds were sold on March 19. Series 2008B is expected to sell on April 24.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.