Moody's gives Aaa to Alpine schools, Utah, G.O. bonds

Moody's Investors Service said it assigned an Aa2 underlying rating and Aaa rating with stable outlook to Alpine School District, Utah's $84 million of general obligation school building bonds (Utah School Bond Guaranty Program), series 2008.

The Aaa rating is based on Utah's School Bond Guaranty Program.

Sale of the bonds is expected on March 11.

Moody's also said it affirmed its Aa2 rating and stable outlook on the district's approximately $326.5 million of outstanding G.O. bonds.

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