Moody's rates Okla. development bonds Aaa/VMIG1

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to Oklahoma Development Finance Authority's $101.395 million of variable-rate demand revenue and refunding bonds, series 2008A, issued for Integris Health Obligated Group.

The issue consists of $50.715 million of subseries 2008A-1 and $50.68 million of subseries 2008A-2.

The rating reflects insurance from Assured Guaranty Corp. and a standby bond purchase agreement from JPMorgan Chase Bank, NA. Assured and JPMorgan are rated Aaa and Aaa/P-1, respectively.

Sale of the bonds was expected on May 8.

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