Moody's assigns Aa2 to Grand Rapids sewer bonds

Moody's Investors Service said it assigned an Aa2 rating to the $66.985 million series 2008 sanitary sewer system revenue bonds issued by Grand Rapids, Mich.

The expected sale date is July 23.

Moody's affirmed the Aa2 rating on the city's $160.5 million of parity debt outstanding.

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