Moody's rates BlueCross BlueShield campus, Tenn., bonds Aaa/VMIG 1

Moody's Investors Service said it assigned an Aaa/VMIG 1 rating to the Industrial Development Board of the City of Chattanooga's taxable variable-rate demand revenue bonds (BlueCross BlueShield of Tennessee Corporate Campus Project) series 2008.

Sale of the bonds is expected on March 12.

The rating is based on a letter of credit provided by Bank of America, NA, which is rated Aaa/P-1.

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