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Moody's rates Glendale, Calif., electric revenue bonds Aa3
Moody's Investors Service said it assigned an Aa3 rating to Glendale, Calif.'s $60 million of electric revenue bonds, series 2008.
At the same time, Moody's said it upgraded the city's $60 million of outstanding electric revenue bonds to Aa3 from A1.
The series 2008 bonds were expected to sell on Tuesday, Moody's said in its news release.
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