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Moody's assigns Aa2 to Dallas Area Rapid Transit's (TX) Senior Lien Sales Tax Rev Improvement and Refunding Bonds, Ser. 2020 A, B and C; outlook stable

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February 19, 2020

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New York, February 19, 2020 -- Moody's Investors Service has assigned a Aa2 rating to Dallas Area Rapid Transit, TX's (DART) $80.6 million Senior Lien Sales Tax Revenue Improvement and Refunding Bonds, Series 2020A; $32.7 million Senior Lien Sales Tax Revenue Refunding Bonds, Series 2020B (Forward Delivery); and $113.3 million Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2020C. The outlook is stable.

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