Oakdale, Calif.'s Sewer Revs Downgraded to B1 by Moody's.

The article offers information that Moody's Investors Service Inc. has downgraded the underlying rating on the 2002 revenue bonds of Oakdale Public Financing Authority, Oakdale, California to B1 from Baa1. The down gradation reflects the debt service payment default of sewer enterprise on an unrated state revolving fund loan to the city.