Moody's assigns Aaa/VMIG1 to Delaware River Port Authority bonds

Moody's Investors Service said it assigned an Aaa/VMIG1 rating to the $169.66 million series 2008A and $188.515 million series 2008B revenue refunding bonds issued by the Delaware River Port Authority, Pa.

The expected sale date is July 25.

The ratings are based on letters of credit provided by Bank of America NA for series A and TD Bank NA for series B. Moody's rates Bank of America Aaa and TD Bank Aa2 for long-term deposits and both banks P-1 for short-term deposits.

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