Moody's Investors Service said it has upgraded the issuer rating of Ventura County, Calif., to Aa1 from Aa2 and has confirmed the Aa3 ratings on the county's outstanding lease supported obligations totaling approximately $93.7 million, including the 2009 certificates of participation and the 2003 certificates of participation (Public Financing Authority II).

Moody's has also upgraded to A1 from A2 the rating on the county's lease revenue tax-exempt commercial paper notes (bank bonds). The outlook on these ratings is stable.

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