Moody's affirms Texas Public Finance bonds

Moody's Investors Service said it affirmed its Aa1 rating for $228.6 million State of Texas general obligation refunding bonds, series 2008, issued through the Texas Public Finance Authority.

The outlook is stable.

Moody's said that the bonds were originally scheduled to price in September 2007 with forward delivery in January, but market conditions delayed the sale, which is now planned for Jan. 23.

The state has about $10 billion of G.O. debt outstanding.

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