Moody's rates South Valley Sewer, Utah, bonds A1

Moody's Investors Service said it assigned an A1 rating to the South Valley Sewer District, Utah's $50 million of sewer revenue bonds, series 2008.

At the same time, Moody's said it affirmed the A1 rating on the district's approximately $33.9 million of outstanding sewer revenue bonds and the Aa3 rating on the district's approximately $430,000 of unlimited-tax general obligation bonds.

Sale of the 2008 bonds is set for March 11.

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