Moody's rates Georgia bonds Aaa

Moody's Investors Service said it assigned a rating of Aaa to the state of Georgia's planned offering of $522.49 million general obligation bonds, series 2008A ($56.605 million) and 2008B ($465.885 million). The outlook is stable.

The securities are expected to be sold competitively on June 12.

Proceeds will fund a variety of projects for state agencies, including the State Board of Education, the Board of Regents of the University System of Georgia, the Georgia Department of Transportation, and the Department of Technical and Adult Education.

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