Moody's gives positive outlook to Memphis debt

Moody's Investors Service said it assigned an A1 rating with a positive outlook to the City of Memphis' $98.61 million of general improvement bonds, series 2008.

At the same time, Moody's said it revised the outlook to positive from stable on about $1.09 billion of previously issued parity debt. The A1 rating on that debt was also affirmed.

Sale of the series 2008 bonds is expected on April 30.

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