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Moody's rate New Jersey school bonds A1
Moody's Investors Service said it assigned an underlying rating of A1 with a stable outlook to the State of New Jersey's $250 million of school facilities construction bonds, 2008 series X, to be issued through the New Jersey Economic Development Authority.
Sale of the bonds is expected on May 28.
Proceeds will be used to finance the costs of school facilities construction projects.
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