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Moody's rates Pembroke Pines, Fla., bonds Aaa/VMIG 1
Moody's Investors Service said it assigned a rating of Aaa/VMIG 1 to the City of Pembroke Pines, Fla.'s $64.27 million of charter school revenue bonds, series 2008.
The long-term part of the rating is based on insurance from Assured Guaranty Corp., and the short-term portion is based on a standby bond purchase agreement from Royal Bank of Canada.
Sale of the bonds is expected on March 25.
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