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Another California muni default: Oakdale, Calif., Restructuring Debt, Planning Rate Raise After Default

 
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09/11/2012 04:25 PM
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Another California muni default: Oakdale, Calif., Restructuring Debt, Planning Rate Raise After Default
Oakdale, Calif., looks to restructure debt and raise sewer rates after missing the Aug. 31 debt service payment on a state revolving loan connected to its 2002 sewer revenue bonds.

[link to www.bondbuyer.com]
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