LOS ANGELES - Moody's Investors Service yesterday suspended its Baa rating on general obligation bonds of the Ventura Port District, citing the California port's recent filing for protection under Chapter 9 of the U.S. Bankruptcy Code.

District officials said the filing, which was made Friday, will give them time to decide how to address a $15.6 million court judgment.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.