Moody's gives Aa3 to Lubbock, Texas, G.O. bonds

Moody's Investors Service said it assigned an Aa3 rating and stable outlook to the City of Lubbock, Texas' $2.1 million of general obligation bonds, series 2008, and $90.335 million of tax and waterworks system surplus revenue certificates of obligation, series 2008.

At the same time, Moody's said it affirmed the Aa3 rating on the city's $550 million of outstanding parity general obligation debt.

Sale of the bonds is expected on April 29.

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