Moody's rates N.C. power bonds Baa1

Moody's Investors Service said it assigned an underlying credit rating of Baa1 to the North Carolina Eastern Municipal Power Agency's $430.855 million of power system revenue bonds, consisting of $357.675 million of refunding series 2008 A and $73.18 million of refunding series 2008 B (federally taxable).

Moody's also said it affirmed the Baa1 rating on the agency's $2.5 billion of outstanding revenue bonds.

The outlook is stable.

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