BRIEF-Moody's assigns AA3 to about $2.7 bln California GO bonds

Mon Aug 15, 2016 4:47pm EDT
 
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Aug 15 (Reuters) - Moody's -

* Moody's assigns AA3 to approximately $2.7 billion California GO bonds; outlook stable

* Moody's - Rating reflects California's stable financial position, high but declining debt metrics, adjusted net pension liability ratios, strong liquidity

* Moody's - Outlook for state of California is stable, based on the steady improvement in the economy and finances of the state Source text for Eikon: