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Moody's rates West Chester, Pa., bonds Aa2/VMIG 1
Moody's Investors Service said it assigned a rating of Aa2/VMIG 1 to Chester County Industrial Development Authority, Pa.'s $99.605 million of student housing revenue bonds (University Student Housing, LLC project at West Chester University of Pennsylvania), 2008A
The rating reflects a letter of credit provided by Citizens Bank of Pennsylvania, which is rated Aa2/P-1 with stable outlook.
Sale of the bonds is expected on March 26.
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