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Hercules PFA, Calif., Lowered to CCC-Plus by S&P

Standard & Poor's Ratings Services said it lowered its ratings to CCC-plus from BB on Hercules Public Financing Authority, Calif.'s series 2010 (electric system project) revenue and revenue refunding bonds, series 2003B lease revenue bonds, and series 2009 taxable lease revenue bonds (Bio-Rad Project), issued for the city of Hercules.

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