Moody's rates Oregon lottery bonds Aa3

Moody's Investors Service said it assigned an Aa3 rating to the upcoming sale of Oregon State Lottery revenue bonds, $46.12 million of series 2008 series A (tax-exempt) and $14.035 million of series B (federally taxable), issued by the Oregon Department of Administrative Services.

The outlook is stable.

Sale of the bonds is expected on May 19.

Moody's also said it affirmed the Aa3 rating $639.4 million of outstanding parity lottery revenue bonds and the Aa1 rating on $21.2 million of outstanding Westside Lottery bonds.

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