Moody's rates Greater Orlando Aviation, Fla., bonds Aa3

Moody's Investors Service said it assigned an Aa3 rating to the Greater Orlando Aviation Authority's $350 million of airport facilities refunding revenue bonds, series 2008A and 2008B.

The issue consists of $310 million for 2008A and $40 million of 2008B.

Moody's also said it affirmed the Aa3 underlying rating on the authority's $747 million of outstanding parity debt and the A1 rating on the authority's $37.3 million of outstanding subordinate debt.

The outlook is stable.

Sale of the 2008A and 2008B bonds is expected on March 27.

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