Additionally, Moody’s affirmed the “Aa3” long-term rating on Partners’ series G bonds, affecting $80 million of outstanding debt.
The assignment is a result of a couple factors such as Partners’ ample assets to fund the mandatory tender of the bonds and strong treasury management.
The series 2007 G-6 bonds are subjected to mandatory tender on June 29, and Partners will place the bonds with an accredited investor after converting the bonds to a second index floating rating mode.
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