Moody's Investors Service has upgraded the bond rating for McLennan County from A1 to AA as $10 million in general obligation bonds were scheduled to be sold yesterday for a new county jail.

Mary Francoeur, a Moody's senior analyst, attributed the upgrade to a steady growth in the tax base in McLennan County, where property valuations have gone up an average of 2.2% annually in the past eight years. "There is not huge growth, but it is steady," she said.

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