Moody's rates Montgomery County, Ohio, bonds Aaa/VMIG 1

Moody's Investors Service said it assigned an Aaa/VMIG 1 rating to the County of Montgomery, Ohio's $187,815,000 variable-rate hospital facilities revenue refunding and improvement bonds (Kettering Health Network Obligated Group), series 2008A and 2008B.

There are $93,575,000 of series 2008A bonds and $94,240,000 of series 2008B bonds.

The long-term portion of the rating is based upon the municipal bond insurance policy provided by Financial Security Assurance, Inc. The short-term portion of the rating is based on the standby bond purchase agreement provided by Dexia Credit Local.

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