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Fitch Affirms California Dept. of Veterans Affairs GO & Rev Bonds at 'AA-'; Outlook Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA-' rating on the following California Department of Veterans Affairs (the department) bonds: --Approximately $484 million state of California general obligation (GO) veterans bonds;--Approximately $377 California Department of Veterans Affairs home purchase revenue bonds. The Rating Outlook for the bonds remains Negative. SECURITYThe primary source of payment for the bonds is monies from the 1943 Fund. In addition, the veterans GO bonds ar Reported by Business Wire 1 day ago.

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