WASHINGTON -- Moody's Investors Service announced Friday that it is not rating some California asset transfer leases in light of questions raised about such transactions in the lawsuit over the Richmond Unified School District's defaulted certificates of participation.

Meanwhile, two Richmond school board members said Friday that the district will not attempt to settle the lawsuit before the end of the month, when the Contra Costa County Superior Court is expected to rule on the validity of the lease contract underlying the $9.8 million certificates. The district defaulted on the issue nearly a year ago.

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