LOS ANGELES — Riverside County, Calif.’s financial advisor doesn’t expect the county’s recent one-notch downgrade from Moody’s Investors Service to affect its ability to sell $35.5 million in lease revenue bonds Feb. 16. The deal is primarily a refunding, with $3 million of new money to purchase two buildings in Indio to house social service programs.

“We think it will have a minor impact on the rates we receive,” said Daniel Wiles, a principal with Irvine-based Fieldman, Rolapp and Associates, the county’s financial advisor.  “We are expecting the issue overall will have a sub-4% yield based on reconnaissance from the underwriter.”

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