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Prospect News home > News index > List of issuers C > Headlines for California > News item |
Fitch rates Calif. power supply bonds AA+/F1+
Fitch Ratings said it assigned an AA+/F1+ rating to the California Department of Water Resources' $50 million of power supply revenue bonds, subseries 2008I-1, and a rating of AA/F1+ to the department's $100 million of power supply revenue bonds, subseries 2008I-2.
The subseries I-1 rating reflects a letter of credit from Allied Irish Bank, plc, which is rated AA-/F1+.
The subseries I-2 rating reflects a letter of credit from Landesbank Hessen-Thuringen Girozentrale, which is rated A+/F1+.
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