TITLE

Elysian Fields ISD Lowered by Moody's

PUB. DATE
December 2004
SOURCE
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Moody's Investors Service Inc. has downgraded the rating on Elysian Fields Independent School District, Texas, affecting $1.4 million of previously issued general obligation debt. The rating adjustment reflects Moody's opinion that the district's deteriorated financial position coupled with a concentrated tax base is inconsistent with the Baal rating level. The rating also reflects the district's improved manageable debt ratios and near term amortization of the existing debt.
ACCESSION #
15445443

 

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