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Moody's rates New York City G.O. bonds Aa3
Moody's Investors Service said it assigned ratings of Aa3 to the City of New York's $525 million of general obligation bonds, fiscal 2008 series L.
The issue includes $475 million of tax-exempt subseries L-1 and $50 million of taxable subseries L-2. The bonds are expected to price on April 10.
The outlook is stable.
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