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Moody’s downgrades District 833's credit rating

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Concerns over declining general fund reserves and the size of its debt prompted a key credit rating agency to downgrade District 833’s credit rating.


Moody’s Corporation took South Washington County Schools’ bond rating down two notches, from the Aa1 rating to Aa3. The downgrade applies to all borrowing efforts the district makes for at least the next three years, beginning with about $20 million in new bonds issued last week during a District 833 School Board meeting.

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Michael Longaecker
Mike Longaecker is editor of the Woodbury Bulletin. His coverage includes local crime, legislative activity and prep sports. You can follow him on Twitter at @Longaecker
(651) 702-0973