Moody's rates Ohio facilities bonds Aa2

Moody's Investors Service said it assigned an Aa2 rating to Ohio Building Authority's offering of $124.62 million of state facilities bonds in three series.

The bonds include $50 million of state facilities bonds (administrative building fund projects) 2008 series A, $24.62 million of state facilities refunding bonds (administrative building fund projects) and $50 million of state facilities bonds (adult correctional building fund projects) 2008 series A.

Sale of the bonds is expected on Feb. 27.

Moody's said it also affirmed ratings on the state's other subject-to-appropriation lease debt.

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