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Moody's assigns Aa2 to Los Angeles G.O. bonds
Moody's Investors Service said it assigned an Aa2 rating to Los Angeles' $101 million series 2008-A general obligation bonds.
The expected sale date is July 29. Proceeds will be used for stormwater system improvements.
Moody's also affirmed the long-term ratings on the city's outstanding general obligation and general-fund related debt, including its abatement leases and judgment obligation bonds. The outlook is stable.
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