The Power Is With Them: DWR's $11B Deal Upgraded by Moody's

Saskal, Rich
July 2004
Bond Buyer;7/26/2004, Vol. 349 Issue 31933, p1
Trade Publication
Reports on the decision of Moody's Investors Service to raise the rating of the power revenue bonds of the California Department of Water Resources. Details of a multibillion-dollar deal sold in 2002 to reimburse the state for costs incurred buying power during the meltdown of the electricity market; Reasons for the upgrade; Information on the ratings of other agencies.


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