Moody's Investors Service has downgraded to A2 from A1 and assigned a negative outlook to the city of Lompoc, Calif., Series 1998, Series 2005 and Series 2007 revenue bonds (water and sewer).

The bonds are special obligations of the Lompoc Public Financing Authority (authority) payable from installment payments made by the city of Lompoc to the authority.

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