Wisconsin School District Gets Moody's Upgrade

January 2005
Bond Buyer;1/7/2005, Vol. 351 Issue 32045, p2
Trade Publication
The article informs that Moody's Investors Service Inc. has said that it has assigned a MIG-I rating to the Howards Grove, Wisconsin, School District's $3.31 million of bond anticipation notes, and upgraded the district's $1.3 million of outstanding general obligation debt to A2 from A3. The MIG-1 and A2 rating reflect the district's well-managed and stable financial operations, slightly above average wealth levels and an average level of rapidly retired debt, balanced against the district's relatively small, but growing tax base and the limited flexibility afforded school districts under state mandated revenue limits.


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