Moody's rates Texas Water Development bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to the Texas Water Development Board's $258 million series 2008 B state revolving fund subordinate-lien revenue bonds.

The expected sale date is June 26.

Proceeds will reimburse the board for funds loaned at below-market rates under the state's Clean Water State Revolving Fund Program.

Moody's affirmed the Aaa ratings on the board's outstanding senior and subordinate-lien debt. The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.