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Moody's gives Aaa/VMIG1 to Northeastern University bonds
Moody's Investors Service said it assigned ratings of Aaa/VMIG1 to the $72.25 million 2008 series U and $30.050 million series V variable-rate demand revenue bonds issued by the Massachusetts Health and Educational Facilities Authority for Northeastern University.
The expected sale date is July 31.
The rating is based on letters of credit provided by JPMorgan Chase Bank NA, rated Aaa by Moody's for its long-term deposits and Prime-1 for its short-term deposits. Moody's maintains an underlying rating of A2 on Northeastern University.
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