08.12.2015 22:46:00
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Moody's: Risks lower for California RDA successor agency tax allocation bonds
New York, December 08, 2015 -- California's tax allocation bonds (TABs) issued by the dissolved redevelopment agencies (RDAs) have benefited from an improving economy and real estate market, and from the new administrative and procedural framework of the successor agencies (SAs) now managing these obligations, Moody's Investors Service says in a new report.