OREANDA-NEWS. Fitch Ratings has withdrawn its 'F1' rating on the following notes:

--California, State of (CA) general obligation commercial paper notes series A-4;
--California, State of (CA) general obligation commercial paper notes series B-4.

The rating was based on the support of a letter of credit issued by Morgan Stanley Bank, N.A. that was terminated on Dec. 15, 2015.