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Moody's rates CommCare Louisiana bonds Aaa/VMIG1
Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to the Louisiana Public Facilities Authority's revenue and refunding bonds issued for CommCare Louisiana, including series 2008A ($17.5 million) and series 2008B ($47.7 million).
The expected sale dates are June 23 for series 2008A and July 10 for series 2008B.
The ratings are based on letters of credit provided by JPMorgan Chase Bank, NA, which Moody's rates Aaa for its long-term obligations and P-1 for its short-term obligations.
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