New York, December 11, 2014 -- Moody's Investors Service has assigned #Aaa ratings to five maturities of defeased State Public Works Board of the State of California Lease Revenue Refunding Bonds (Department of Corrections and Rehabilitation) 2005 Series J (California Substance Abuse Treatment Facility and State Prison at Corcoran (Corcoran II)). This rating action affects $146,250,000 of aggregate debt refunded pursuant to the November 1, 2014 escrow agreement.

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