Moody's rates Nassau County, N.Y., bonds Aa2/VMIG1

Moody's Investors Service said it assigned an Aa2/VMIG1 rating to the Nassau County Interim Finance Authority, N.Y.'s $610 million of sales tax secured variable-rate refunding bonds, series 2008A to F.

The issue consists of $125 million of series 2008A, $125 million of 2008B, $80 million of 2008C, $80 million of 2008D, $160.8 million of 2008E and $39.2 million of 2008F.

Sale of the bonds is expected on May 16.

Moody's also said it affirmed the Aa2 rating on $1.3 billion of outstanding parity debt.

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