Moody's gives Aa1 rating to Las Vegas Valley Water bonds

Moody's Investors Service said it gave an Aa1 rating to Las Vegas Valley Water District, Nev.'s $192,595,000 of general obligation (limited tax, additionally secured by pledged revenues) improvement and refunding bonds, series 2008A, and $172,785,000 of general obligation (limited tax, additionally secured by Southern Nevada Water Authority pledged revenues) refunding bonds, series 2008B.

Sale of the bonds is expected on Jan. 29.

Moody's also said it affirmed its Aa1 rating on the district's $814 million of parity obligations.

The outlook is stable.

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