Moody's rates Clarksville, Tenn., building bonds Aaa/VMIG 1

Moody's Investors Service said it assigned an Aaa/VMIG 1 rating to Public Building Authority of the City of Clarksville, Tenn.'s $200 million of adjustable-rate pooled financing revenue bonds, series 2008 (Tennessee Municipal Bond Fund).

The rating is based on a letter of credit provided by Bank of America, NA. The bank has an Aaa long-term rating and a Prime-1 short-term rating from Moody's.

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