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Fitch Rates $929.7MM CA Economic Recovery Bonds Series 2009A 'AAApre'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'AAApre' to the $929,735,000 State of California Economic Recovery Bonds, series 2009A maturing on July 1, 2016-July 1, 2018, and July 1, 2022, all of which were refunded on Aug. 5, 2015. The Rating Outlook is Stable. KEY RATING DRIVERS: The 'AAApre', Stable Outlook rating is based on the pledge of securities in the irrevocable escrow fund securing the bonds and reflects the lien of the refunded bondholders on the escrow trust fu

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