Moody’s Investors Services Downgrades Central Basin Municipal Water District’s COP’s; Outlook Classified as ‘Negative’

By Brian Hews

NEW YORK —  As if the Central Basin Municipal Water District hasn’t had enough problems during the past several months.

Last Friday Moody’s Investors Service downgraded the public agency to Aa3 from Aa2.

The rating to Central Basin Municipal Water District Certificates of Participation, including the Refunding Revenue Certificates of Participation, Series 2010A; and Adjustable Rate Refunding Certificates of Participation (2007 Project), Series 2008B (LOC) both totaling approximately $53.0 million, according to Moody’s.

The COPs are ultimately secured by a senior lien on net revenues of the district, on parity with the district’s swap payments.

Moody’s claim in their new report that Central Basin Water District’s how has “a negative outlook.”

The agency is a focal point of a massive criminal probe by the Federal Bureau of Investigation during the past several weeks, as reported extensively by Hews Media Group-Community News.

Related articles

• Gilbert Cedillo Jr. Relieved of Duties at Central Basin Water District (loscerritosnews.net)
• Central Basin Nixes $350K in Proposed Contracts to Ex-Senator Polanco and Sacramento Firm (loscerritosnews.net)
• Central Basin Water District Paid $22K for Gilbert Cedillo Jr. College Expenses (loscerritosnews.net)
• Hews Media-Community News Publishes Central Basin Water Lawsuit Against Pacifica Services (loscerritosnews.net)
• PR disaster – Central Basin Municipal Water District paid $200,000 for positive “Google News” stories (nextlevelofnews.com)
• Central Basin Water Directors Form Committee to ‘Evaluate’ Newly Hired General Manager (loscerritosnews.net)
• Commerce Employee Set to Cash in on City Council Relationships (loscerritosnews.net)

High Pressure Rain Shower Head: Upgrade Shower Heads with Handheld Spray Combo with Fixed Showerhead and 10 Sprays Handheld Shower Head, Detachable Shower head Built-in Magnetic Docking and Power Jets

(402)

$49.99 (as of April 18, 2025 17:20 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Amazon Basics 99% Isopropyl Alcohol First Aid For Technical Use,16 Fluid Ounces, 1-Pack (Previously Solimo)

(22758)

$7.69 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Apple iPhone 13, 128GB, Midnight - Unlocked (Renewed)

(15702)

$287.67 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Apple iPad (10.2-Inch, Wi-Fi, 32GB) - Space Gray (Renewed)

(12533)

$123.99 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Hanes Men's Cotton, Moisture-Wicking Crew Tee Undershirts, Multi-Packs Available

(75876)

$18.98 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

PawSono Eye Wipes for Dogs & Cats, Hypoallergenic Dog Eye Wipes Cleaner, Natural Cleaning Pet Wipes for Face Gently Remove Tear Stain, Eye Debris, Discharge, Mucus, Non-Irritating, Unscent, 100 PCS

(260)

$9.99 (as of April 18, 2025 17:20 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

HydroJug Traveler - 40 oz Water Bottle with Handle & Flip Straw - Fits in Cup Holder, Leak Resistant Tumbler-Reusable Insulated Stainless Steel & Rubber Base - Gifts for Women & Men, Pink Sand

(8681)

$39.99 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

ASOBRIS Laser-Level-with-Tripod, Green Cross Line Laser with Tripod Self-Leveling, Lazer Leveler Tool for Picture Hanging Construction Floor Tile Wall Home Renovation, Indoor Project, Battery Included

(174)

$39.99 (as of April 18, 2025 17:20 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Acctndok Enhanced Cat Deterrent Spray, Natural Safe Cat Repellent Indoor and Outdoor, Effective Cat Scratch Deterrent Training Aid for Furniture, Sofas, Rugs, Curtain Protection (Citrus)

(59)

$22.99 (as of April 18, 2025 17:20 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Crocs Unisex Adult Classic Clog

(625870)

$36.95 (as of April 21, 2025 06:23 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)