Moody's affirms VMIG 1 of Shelby County, TN GO Public Improvement and School Bonds 2006 Series B
New York, January 19, 2017-- Summary Rating Rationale. Moody's Investors Service has affirmed the VMIG 1 of Shelby County, Tennessee General Obligation Variable Rate Demand Public Improvement and School Bonds 2006 Series B in conjunction with the upcoming delivery of a replacement Standby Bond Purchase Agreement provided by State Street Bank and Trust Company. The long-term rating will remain Aa1.Upon the effective date of the substitute SBPA, scheduled for February 1,...
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