New York, October 06, 2016 -- Moody's Investors Service has upgraded the City of Inglewood, CA's Lease Revenue Bonds Series 2012 to A2 from Baa1. The A2 rating is one notch lower than the City's A1 Issuer rating. The one notch distinction reflects a standard legal structure for a California abatement lease financing and leased assets that we view as "more essential." The one notch also reflects the strong legal features of California general obligation bonds that are not shared by lease revenue debt. This rating action affects approximately $28 million in outstanding debt.

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