Moody's rates Harris County, Texas, bonds Aa1

Moody's Investors Service said it assigned an Aa1 rating to $323 million of bonds issued by Harris County, Texas.

The bonds include $35 million of series 2008A permanent improvement refunding bonds, $40 million of series 2008A unlimited tax road refunding bonds, $91 million of series 2008A flood control district contract tax refunding bonds and $157 million of series 2008B contract tax refunding bonds.

The permanent improvement and road bonds were scheduled for sale of Jan. 15, and the flood control district bonds are scheduled for sale on Feb. 7.

Moody's also said it affirmed the Aa1 rating on the county's $2.8 billion of outstanding general obligation debt, which includes flood control district debt and the current issues.

The outlook is stable.

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