Moody's rates Detroit Edison, Mich., bonds A1/VMIG1

Moody's Investors Service said it assigned a rating of A1/VMIG1 to the Michigan Strategic Fund's $68.5 million of variable-rate limited obligation refunding revenue bonds (the Detroit Edison Co. exempt facilities project), series 2008DT.

The rating reflects a letter of credit provided by KeyBank NA, which is rated A1/P-1 with stable outlook.

Sale of the bonds is expected on April 11.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.