Moody's Investors Service said it has assigned an A3 rating to the Plateau Utility District, Tenn.'s $5.6 million waterworks revenue refunding bonds, Series 2012, and upgraded to A3 from Baa1 $4.9 million in previously rated parity debt.

The bonds are secured by a pledge of net revenues from the water system subordinate to debt service on the Series 2010 bonds (U.S.D.A. - Rural Development obligation), and, importantly, the senior lien is closed.

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