Moody's rates Muhlenberg College, Pa., bonds Aaa/VMIG1

Moody's Investors Service said it assigned ratings of Aaa/VMIG1 to Lehigh County General Purpose Authority, Pa.'s $56.505 million of college revenue bonds (Muhlenberg College project), series of 2008.

The rating is based on a letter of credit from Bank of America, NA, which is rated Aaa/P-1. Muhlenberg is rated A1.

Sale of the bonds was expected on April 11.

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