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Moody's rates Consumers Energy, Mich., bonds Aaa/VMIG 1
Moody's Investors Service said it assigned an Aaa/VMIG 1 rating to the Michigan Strategic Fund's $67.7 million of variable-rate limited obligation refunding revenue bonds (Consumers Energy Company project), series 2008.
The rating is partly based on a letter of credit provided by Wells Fargo Bank, NA, which is rated Aaa for its long-term obligations and Prime-1 for its short-term obligations.
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