Moody's rates Collin County, Texas, bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to Collin County, Texas' upcoming sales of $41 million in unlimited tax road bonds and $16.845 million of limited tax refunding and permanent improvement bonds.

The expected sale date for the series 2008 bonds is June 10.

Moody's also affirmed its Aaa rating on the county's $191.605 million in outstanding unlimited tax debt and $140.665 million in outstanding limited tax debt.

Proceeds from the unlimited tax road bonds will fund road improvements. Proceeds from the limited tax bonds will be used to refund outstanding debt for savings and fund park land and open space projects.

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