The Los Angeles County Museum of Art received an initial underlying rating of A2 from Moody’s Investors Service on $176.2 million of Series A, B, and C bonds and $200 million of Series 2007 A, B, C, and D bonds.

The outlook on the debt is stable. The bonds are insured by Financial Guaranty Insurance Co. Moody’s noted FGIC’s current financial strength rating is A3 and on watch for possible downgrade.

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