Sections

Weather Forecast

Close
Advertisement

Moody’s downgrades District 833's credit rating

Email News Alerts

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.

Advertisement

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.

Get the full story
Subscribe or Log In

Advertisement
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
Advertisement
randomness