Moody's gives A1 to Roanoke County, Va., bonds

Moody's Investors Service said it assigned an A1 rating to the Economic Development Authority of Roanoke County, Va.'s $58.67 million of lease revenue bonds.

Sale of the bonds is scheduled for March 20.

The bonds are expected to be insured by Assured Guaranty, which has a financial strength rating of Aaa with a stable outlook. Subject to a review of the insurance policy, the bonds will carry the financial strength rating of the insurer.

Moody's also said it affirmed the county's Aa2 underlying rating, affecting about $19 million of outstanding G.O. debt.

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