Moody's Upgrades Almost $1B of S. Carolina School District Debt

DeSue, Tedra
March 2005
Bond Buyer;3/22/2005, Vol. 351 Issue 32095, p1
Trade Publication
Reports on the positive effects of a decision by Moody's Investors Service Inc. to more heavily weigh how the fiscal policies of South Carolina's counties impact their school districts. Effect of the upgrade to the debt sold by the Greenville County School District on lease purchase revenue bonds sold by the district since 2002 through the nonprofit Building Equity Sooner for Tomorrow; Reaction of district officials to the upgrades; Requirement for counties to collect school district debt service levies, hold sinking funds and make debt service payments to the trustee.


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