Moody's rates Albuquerque Bernalillo, N.M., water bonds Aa2

Moody's Investors Service said it assigned an Aa2 rating to the Albuquerque Bernalillo County Water Utility Authority's $55.46 million of joint water and sewer system improvement revenue bonds, series 2008.

At the same time, Moody's said it affirmed the Aa2 rating on the authority's $561 million of outstanding senior lien parity debt.

Sale of the 2008 bonds is expected on March 18.

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