Delhi CSD, N.Y., GOs Cut by Moody's

June 2003
Bond Buyer;6/30/2003, Vol. 345 Issue 31667, p2
Trade Publication
Moody's Investors Service said it has assigned a MIG-1 rating to Delhi Central School District, NewYork's $13.4 million bond anticipation notes, 2003 and downgraded the district's underlying rating to Baa2 from Baa1 affecting $25.2 million in outstanding long-term general obligation debt. The downgrade to Baa2 reflects the district's financial deterioration, limited tax base with concentration and above average debt burden mitigated by state building aid, Moody's said.


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