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General Obligations

NEWPORT NEWS (CITY OF) VA - Moody's Research Report

Moody's assigns Aa1 rating to the City of Newport News' (VA) $44.8 million General Obligation Bonds, Series C and Series D of 2012

Posted on: August 10, 2012, 6:06 pm

NEW YORK, August 10, 2012 --Moody's Investors Service has assigned a Aa1 rating to the City of Newport News' (VA) $41.3 million General Obligation General Improvement Bonds, Series C of 2012 and $3.5 million General Obligation Airport Refunding Bonds, Series 2012D. The bonds are secured by the city's unlimited general obligation pledge. Concurrently, Moody's has affirmed the Aa1 rating on $479.2 million of outstanding parity debt...

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