Pampa, Tex., Debt Raised to A3 by Moody’s

Moody’s Investors Service said it has assigned an A3 rating to Pampa, Tex.’s $2.9 million of Series 2008 tax and waterworks and sewer system surplus revenue certificates of obligation and upgraded to A3 from Baa1 the rating on the city’s $9.2 million of outstanding parity debt.

The upgrade reflects a limited tax base that has been growing in recent years.

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