Moody's rates West Chester, Pa., bonds Aa2/VMIG 1

Moody's Investors Service said it assigned a rating of Aa2/VMIG 1 to Chester County Industrial Development Authority, Pa.'s $99.605 million of student housing revenue bonds (University Student Housing, LLC project at West Chester University of Pennsylvania), 2008A

The rating reflects a letter of credit provided by Citizens Bank of Pennsylvania, which is rated Aa2/P-1 with stable outlook.

Sale of the bonds is expected on March 26.

© 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.