Moodys: Rating Action: Moody's downgrades Richmond, CA issuer rating


New York, August 04, 2015 -- Moody's Investors Service has downgraded the City of Richmond, CA's issuer rating to Ba1 from Baa1, 1999 Taxable Limited Obligation Pension Bonds (POBs) to Ba2 from Baa2, and Series 2006 A wastewater enterprise revenue bonds to Baa2 from A2. No outlook was assigned and the review of ratings for downgrade was concluded.

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