Moody's assigns A2 to Wylie bonds, certificates

Moody's Investors Service said it assigned an A2 underlying rating to $38.625 million series 2008 general obligation bonds and $15 million series 2008 combination tax and revenue certificates of obligation issued by the city of Wylie, Texas.

The expected sale dates are July 14 for the G.O. bonds and July 22 for the certificates.

Proceeds from the bonds will fund parks and street improvements. Proceeds from the sale of certificates will finance the completion of several city buildings and improvements to city facilities.

Concurrently, Moody's affirmed the A2 rating on the city's $68.76 million outstanding parity debt.

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