Moody's Investors Service upgraded the rating on the village of Hodgkins, Ill. $36.6 million of Metropolitan Biosolids Management project revenue bonds by one notch to Aa3.

The bonds were sold in 2002 and are secured by a gross pledge of all service agreement payments from the top-rated Metropolitan Water Reclamation District of Greater Chicago. They also benefit from a debt service reserve funded to maximum at a level that meets annual debt service.

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