New York, April 29, 2013 -- Moody's Investors Service has affirmed the long-term underlying Aa1 rating and the short-term enhanced VMIG 1 rating assigned to the Commonwealth of Massachusetts'$140.8 million outstanding General Obligation Refunding Bonds 1997 Series B (Variable Rate Demand Bonds) in conjunction with the substitution of the current standby bond purchase agreement (SBPA) supporting the bonds with a new one from TD Bank, N.A. The long-term and short-term other senior obligation (OSO) ratings of the bank are Aa3 and P-1, respectively. The new SBPA, scheduled to be effective May 3, will replace the current SBPA provided by JPMorgan Chase Bank, N.A.

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