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Moody's rates Eastern Municipal Water, Calif., bonds Aa3/VMIG 1
Moody's Investors Service said it assigned an Aa3/VMIG 1 rating to the Eastern Municipal Water District, Calif.'s $54.025 million of water and sewer revenue variable-rate certificates of participation, series 2008B.
Sale of the bonds is expected on March 26.
The short-term rating reflects liquidity provided by Wells Fargo Bank, NA, which is rated Aaa/P-1 with a stable outlook.
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