Moody's assigns MIG1 to Idaho TANs

Moody's Investors Service said it assigned a MIG1 rating to Idaho's $600 million series 2008 tax anticipation notes and affirmed Idaho's issuer rating of Aa2 with a stable outlook.

The expected sale date is June 18.

Proceeds will be used to fund temporary cash flow imbalances in the state's general fund during fiscal 2009, pending expected cash surpluses later in the fiscal year. The state has regularly issued short-term notes for cash flow purposes since 1986.

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