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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.

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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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Mike Longaecker
Mike Longaecker is the regional public safety reporter for RiverTown Multimedia. His coverage area spans St. Croix and Pierce counties. Longaecker served from 2011-2015 as editor of the Woodbury Bulletin. A University of Wisconsin-River Falls graduate, Longaecker previously reported for the Red Wing Republican Eagle and for the Forum Communications Minnesota Capitol Bureau. You can follow him on Twitter at @Longaecker
(715) 426-1072
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