BRADENTON, Fla. - Moody's Investors Service said Monday that a recent ruling in Jefferson County, Ala.'s bankruptcy case is a credit positive because it will prevent further dilution of revenues securing the county's $3.14 billion of defaulted sewer warrants.

U.S. Bankruptcy Judge Thomas Bennett ruled June 29 that the county could not withhold sewer revenues for depreciation, amortization, reserves or estimated expenditures for the legal expenses related to the county's bankruptcy case.

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