Moody's upgrades Oklahoma County, rates bonds Aa1

Moody's Investors Service said it assigned an Aa1 rating to Oklahoma County's $61.5 million 2008 series A general obligation limited tax bonds.

Proceeds will be used to acquire a facility currently owned by General Motors and provide improvements for various county buildings and infrastructure.

Moody's also upgraded the county's outstanding G.O. debt to Aa1 from Aa2, affecting a total of $76.9 million including the current offering.

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