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Moody's rates American Museum of Natural History bonds Aa3/VMIG1
Moody's Investors Service said it assigned an Aa3/VMIG1 rating to the American Museum of Natural History's $78.58 million of series 2008A and $96.05 million series 2008B refunding revenue bonds. The outlook is stable.
The expected sale date is June 23.
The bonds will be issued through the Trust for Cultural Resources of the City of New York.
Proceeds from the series 2008A bonds will refund the series 2004B and series 2004C bonds. The series 2008B bonds will be used to repay an interim loan with Wachovia Bank, which was used to refund the series 2007A bonds.
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