$18.9 billion of general obligation debt outstanding; outlook is stableNew York, May 16, 2013 -- Moody's Investors Service has affirmed the underlying long-term Aa1 ratings assigned to the Commonwealth of Massachusetts'$200 million outstanding General Obligation Bonds Consolidated Loan of 2006 (Variable Rate Demand Bonds), Series B. The affirmation is in conjunction with the conversion of the bonds to index rate mode, scheduled for May 17. Upon conversion, $100 million of the bonds will be purchased by JPMorgan Chase Bank NA (Aa3/P-1) and redesignated as Subseries B-1. The other $100 million will be purchase by TD Bank NA (Aa3/P-1) and redesignated as Subseries B-2. The short-term ratings currently assigned to the bonds will be withdrawn on the conversion date.

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