WASHINGTON - California managed to deliver payments due yesterday on $2.2 billion of lease revenue bonds, but rating officials said the state faces another challenge in meeting the debt service due Oct. 1 on another $430 million of lease issues.

Despite the state's success through extraordinary legal and financial maneuvers in overcoming its budget deadlock and making yesterday's $109 million of debt service payments, Standard & Poor's Corp., Moody's Investors Service, and Fitch Investors Service said they would not yet lift their credit alerts over the state's bonds.

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