Moody's ups Maricopa County, Ariz., school bonds to Aa3

Moody's Investors Service said it assigned an Aa3 rating to Maricopa County School District No. 41 (Gilbert Unified), Ariz.'s $70 million of school improvement bonds, projects of 2005 and 2007, series 2008.

At the same time, Moody's upgraded the districts $149.3 million of general obligation bonds to Aa3 from A1.

The bonds are secured by the district's unlimited property tax pledge.

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