Moody's rates Georgia highway bonds Aa3

Moody's Investors Service said it assigned a rating of Aa3 with a stable outlook to the Georgia State Road and Tollway Authority's $480 million of federal highway grant anticipation revenue bonds, series 2008-A, and $120 million of federal highway reimbursement revenue bonds, series 2008A.

The bonds are being issued by the authority to finance projects of the Georgia Department of Transportation.

The outlook is stable.

Sale of the bonds is expected on March 25.

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