Moody’s Investors Service assigned a Aa3 rating to Peoria, Ariz.’s $47 million of Series 2008 senior-lien transportation sales tax and subordinate-lien excise tax and state shared revenue bonds, and upgraded the city’s GO rating to Aa2 from Aa3, affecting $126.2 million of GOs.

Additionally, Moody’s upgraded to Aa3 from A1 the city’s approximately $21.7 million of general excise tax obligations.

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