Moody's raises Chesterfield, Mo., debt to Aa1, Aaa

Moody's Investors Service said it upgraded to Aa1 from Aa2 the City of Chesterfield, Mo.'s $40.89 million of outstanding certificates of participation.

At the same time, Moody's said it upgraded to Aaa from Aa1 the city's $23,055,000 of general obligation debt. The Aaa rating was also assigned to the city's current offering of $5,225,000 of general obligation refunding bonds, series 2008.

The series 2008 bonds were expected to sell on Feb. 20.

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