SANTA CLARA COUNTY, CAL­I­FOR­NIA,

The Bond Buyer - - Front Page -

re­ceived rat­ings up­grades on its lease rev­enue bonds and pen­sion obli­ga­tion bonds from Moody’s In­vestors Ser­vice based on an op­er­at­ing sur­plus, the county’s eco­nomic strength and its fully-funded other post-em­ploy­ment ben­e­fits. The county’s de­ci­sion to pur­chase two of the bank­rupt Ver­ity Health Sys­tem’s hos­pi­tals was fac­tored into the one-notch up­grade.

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