Moody's rates King County Hospital District No. 1, Wash., bonds A1

Moody's Investors Service said it assigned an A1 rating to King County Public Hospital District No. 1, Wash.'s $220 million of limited-tax general obligation and refunding bonds, series 2008A and 2008B.

The bonds include $115 million of series 2008A and $105 million of series 2008B.

Sale of the bonds was expected on Wednesday.

Moody's also said it assigned an A1 rating to the district's outstanding parity limited-tax G.O. bonds and an Aa3 issuer rating to the district.

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