New York, April 18, 2014 -- Moody's Investors Service has corrected the rating for to the California Infrastructure and Economic Development Bank (CIEDB) State School Fund Apportionment Lease Revenue Bonds, Series 2008 (Oakland Unified School District Financing) to A2 from WR. The rating for these bonds was placed on watch on February 3, 2012 and withdrawn on February 15, 2012 due to an internal administrative error. Moody's has removed from the rating history the February 3, 2012 watch action to reflect that no action was taken on the enhanced rating at that time. In addition, Moody's has corrected the rating history for these bonds to add affirmations for the A2 rating on July 24, 2012 and August 2, 2013, when Moody's affirmed the notched and related ratings on the State of California's related debt.

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