Moody's gives underlying Aa3 to Tampa Bay Water, Fla.

Moody's Investors Service said it assigned an underlying Aa3 rating to Tampa Bay Water, Fla.'s $103.7 million sale of utility system revenue bonds, series 2008.

Sale of the bonds is expected on May 14.

The underlying Aa3 rating applies to a total of $1.11 billion of outstanding post-sale parity revenue bonds.

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