Elysian Fields ISD Lowered by Moody's

December 2004
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p2
Trade Publication
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.


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