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Fitch Ratings affirms city's AA- debt rating

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Posted: Tuesday, August 2, 2011 12:00 am

Fitch Ratings upgraded its outlook for the city of Lodi's $21.7 million in outstanding 2002 General Fund debt and maintained its AA- rating, according to a company press release issued Monday.

The city's financial outlook went from "negative" to "stable" in the decision.

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  • Doug Chaney posted at 10:52 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    And, by the way, PG&E has already purchased some units and plans to sell the power from them. The real advantage is that they will require no power lines for delivery, eliminating outdated and obsolete eyesores like COL provides.

  • Doug Chaney posted at 10:48 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    headquarters, including Google, Coca Cola, Ebay and Starbucks among others. They predict the availability of the Bloom box within 5 years that will power a complete home and cost less than 3 thousand dollars. RIP Lodi Electric and NCPA!

  • Doug Chaney posted at 10:42 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    Josh, you know that last year COL dumped Fitch and switched to Standard & Poors for fear that Fitch would downgrade them? Turns out S&P was suspected of "selling" higher ratings for the right price? the Bloom box Hmmmm, wonder why COL suddenly went back to Fitch? AA- is not a very good rating, by the way. When the Bloom box becomes available in the near future, Lodi electric will become extinct. It produces its own power supply in an approximate 8: square box and requires no outside delivery system. See it on CNBC 60 Minutes or googlle up bloombox.com and see for yourself. I requested to be one of their first resiidential customers and hope to be able to invest in their company, that will make Lodi' Energy Center and the predatory Northern CA Power Assn. obsolete. Check it out. They're currently being used at 16 large corporate

  • Josh Morgan posted at 4:31 pm on Wed, Aug 3, 2011.

    Josh Morgan Posts: 550

    Can't believe this article has been up for two days without a nice compliment from Doug to the City for the rating they've received.



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