Moody's gives Aaa/VMIG 1 to Maricopa County, Ariz., Industrial Development bonds

Moody's Investors Service said it assigned an Aaa/VMIG 1 rating with stable outlook to $400 million of the Industrial Development Authority of the County of Maricopa, Ariz.'s single family mortgage revenue bonds, including $200 million each of series 2008A and 2008B.

Sale of the bonds is expected on March 3.

Proceeds of the outstanding bonds will be invested in an investment agreement provided by Pallas Capital Corp., which is rated Aaa/P-1. The bond rating is directly related to the rating of Pallas.

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