Moody's Investors Service said it has lowered the rating on the town of Colma, Calif.'s 2003 certificates of participation (town of Colma Capital Improvement Projects) to A2 from A1, affecting $12.5 million in outstanding debt.

At the same time, Moody's has affirmed the town's Aa3 issuer rating.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.