Moody's assigns Aaa to Georgia's $842 million Series 2013D through 2013G GO bonds

Posted on: June 20, 2013, 3:22 pm

NEW YORK, June 20, 2013 --Moody's Investors Service has assigned a rating of Aaa to the State of Georgia's planned offering of approximately $842 million of general obligation bonds in five series: 2013D tax exempt, 2013E (federally taxable), 2013F ( Federally Taxable Qualified School Construction Bonds- Direct Pay) and Refunding bonds 2013G-1 and G-2. The series 2013D bonds are tax-exempt debt for new capital projects, totaling $427.4 million. The 2013E series is a $163.2 million federally taxable refunding issue, and the series 2013F is $94.3 million of qualified school construction bonds. Proceeds of the new-money bonds will fund a variety of state projects. The refunding issues, 2013 Series G-1 ($13.7 million) and G-2 ($143.6 million) will provide debt-service savings. The bonds are expected to sell on June 26th...

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