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Moody's assigns Aa1 to King County, Wash., school bonds
Moody's Investors Service said it assigned an Aa1 rating to the $125.2 million offering of the King County School District #405, Bellevue, Wash., unlimited tax general obligation bonds, 2008.
Sale of the bonds is expected on June 3.
At the same time, Moody's affirmed its Aa1 rating on the district's outstanding unlimited tax general obligation bonds totaling $221.6 million.
Proceeds will be used toward renovation and construction of school facilities.
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