Moody's gives Aa1 to East Bay Regional Park, Calif., bonds

Moody's Investors Service said it assigned an Aa1 rating to the East Bay Regional Park District, Calif.'s 2008 general obligation refunding bonds totaling $85 million.

Sale of the bonds is expected on June 4.

At the same time, Moody's affirmed the Aa1 rating on the district's outstanding general obligation bonds totaling about $55.7 million.

Proceeds from the issuance will refund the district's outstanding 1998 G.O. bonds for debt service net present value savings.

© 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.