Moody's Assigns Aa2 Rating to LADWP (CA) - Power Revenue Bonds
New York, March 01, 2017-- Issue: Power System Revenue Bonds, 2017 Series B; Rating: Aa2; Rating Type: Underlying LT; Sale Amount: $346,000,000; Expected Sale Date: 03/07/2017; Rating Description: Revenue: Government Enterprise. Moody's Investors Service has assigned a Aa2 rating to the Los Angeles Department of Water and Power's $346 million Power System Revenue Bonds, 2017 Series B. Moody's has maintained the Aa2 rating on LADWP's $8.5 billion of outstanding parity revenue bonds.
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