Municipal Bond Credit Report: Victorville, Calif., agency rides default cure to ratings boost

Municipal Bond Credit Report: The Southern California Logistics Airport Authority saw $96 million in tax allocation revenue bonds upgraded by Moody’s Investors Service after it cured nearly a decade of defaults.Victorville, California became current Dec. 1 on bond payments that left a seven-year trail of defaults and forced the city to settle a bond fraud case brought by the Securities and Exchange Commission…. Link to Story