Moody's rates Gwinnett County sewer bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to the $190 million series 2008 revenue bonds issued by the Gwinnett County Water and Sewerage Authority, Ga.

The expected sale date is Aug. 6.

Proceeds will finance water reclamation facility improvements, pump station upgrades and pipeline expansions.

Moody's also affirmed the Aaa rating on $784.4 million in outstanding water and sewerage revenue bonds, $96.4 million of the county's general obligation bonds and $107.1 million of Gwinnett County Development Authority bonds.

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