Moody's rates Virginia rental housing bonds Aa1

Moody's Investors Service said it assigned an Aa1 rating with a stable outlook to the Virginia Housing Development Authority's $200 million of rental housing bonds, 2008 series A-taxable, subseries A-1.

Sale of the bonds is expected on March 19.

Moody's also said it affirmed the Aa1 rating on all $1.9 billion of the authority's outstanding parity rental housing bonds.

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