In Devon aftermath, Moody's downgrades Northern Lebanon, Pa., school district

Demenchuk, Michael
January 1998
Bond Buyer;01/16/98, Vol. 323 Issue 30312, p3
Trade Publication
Reports that the first rating action related to Pennsylvania's Devon Capital Management Inc. scandal came when Moody's Investor Service downgraded the Northern Lebanon School District's general obligation rating. Loss of Northern Lebanon's construction fund balance with Devon; Circumstances that led to Moody's downgrade of Northern Lebanon; Expected recovery of the district.


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