ATLANTA - About $66 million of variable-rate revenue bonds will be sold tomorrow for North Carolina State University at Raleigh as it works to fund new projects and refinance outstanding debt.

Moody's Investors Service assigned a Aa2/VMIG-1 to the deal. The short-term rating on the Series 2008A bonds is derived from the credit quality of the provider of the standby bond purchase agreement, Bank of America NA, and the likelihood of premature termination of the facility without a mandatory tender, according to Moody's. The outlook is stable.

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