Moody’s Investors Service last week affirmed the long-term rating of Aa3 that it assigns the Raleigh-Durham Airport Authority’s variable-rate revenue bonds and upgraded the short-term rating to VMIG-1.

The agency raised the short-term ratings for $225 million of variable rate Series 2006B, 2006C, 2006D and 2006E bonds to VMIG-1. Moody’s acted in conjunction with the executed amendments to each of the related standby bond purchase agreements provided by Depfa Bank.

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