Moody's Affirms Alabama's Aa3, Watches It for Upgrade

Siego, Shelly
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p3
Trade Publication
This article informs that on the eve of Alabama Governor Bob Riley's state of the state address, Moody's Investors Service affirmed the state's Aa3 credit rating and placed it on watch list for a possible upgrade. Moody's action affects $380.4 million of general obligation debt, including $103.9 million of Series 2005AGO bonds the state expects to sell on February 9, 2005. Related credits affected by Moody's action include $1.44 billion of bonds issued by the Alabama Public School and College Authority, and $127.6 million of securities backed by state leases.


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