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Moody's rates Montgomery County bonds Aaa
Moody's Investors Service said it assigned an Aaa rating to Montgomery County, Md.'s $250 million series 2008 consolidated public improvement bonds. The outlook is stable.
The expected sale date is July 22.
Proceeds will finance capital improvements, including mass transit facilities, public school and community college buildings and roadway infrastructure.
Moody's also affirmed the Aaa rating on the county's $1.48 billion in outstanding parity debt.
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