Moody's rates Gloucester County, N.Y., bonds Aa3

Moody's Investors Service said it assigned an Aa3 rating to Gloucester County, N.J.'s $97.5 million of county guaranteed loan revenue bonds (county capital program), series 2008.

At the same time, Moody's said it affirmed the Aa3 rating and stable outlook on the county's $417.4 million of outstanding long-term general obligation debt and county-guaranteed debt (Gloucester County Improvement Authority and Gloucester County Utilities Authority debt).

Sale of the bonds was expected on April 16.

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