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Fitch rates Eastern Municipal Water, Calif., bonds AA/F1+
Fitch Ratings said it assigned an AA/F1+ rating to the Eastern Municipal Water District, Calif.'s $54.71 million of water and sewer revenue variable-rate certificates of participation, series 2008B.
The short-term rating is based on liquidity support provided by Wells Fargo Bank, NA.
In addition, Fitch said it affirmed the AA long-term rating on the district's $434.9 million of outstanding parity certificates of participation, net of refunding.
The outlook is stable.
The series 2008B certificates of participation are scheduled to sell by negotiation on March 25.
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