New York, January 16, 2015 -- Moody's Investors Service has upgraded to A1 from A2 the rating on the New Albany Community Authority OH's outstanding Multi-Purpose Infrastructure Improvement bonds. Concurrently, Moody's has affirmed the A1 rating on the authority's Community Facilities bonds and removed the positive outlook. The infrastructure bonds are backed by the authority's share of the city of New Albany's (Aa1) income tax revenue. The Community Facilities bonds are secured by a community development charge (CDC).
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