SAN FRANCISCO — Moody’s Investors Service said the San Jose Redevelopment Agency’s $1.7 billion of outstanding senior bonds could suffer should the RDA be forced to default on a floating-rate bond issue.

The Redevelopment Agency is facing the expiration of a letter of credit securing $95 million of subordinate variable-rate bonds after Gov. Jerry Brown vetoed legislation that would have allowed the credit line to be continued.

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