Moody's gives Aa1 to Virginia facilities bonds

Moody's Investors Service said it assigned an Aa1 rating to the Commonwealth of Virginia's $60 million of public facilities revenue refunding bonds, series 2008A, issued through the Virginia Public Building Authority.

Sale of the bonds is expected on April 15.

Moody's also said it affirmed the commonwealth's Aaa general obligation rating and the Aa1 ratings on about $4.4 billion of similarly secured appropriation debt.

The outlook is stable.

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