Vernon Twp SD, N.J. Raised by Moody's

March 2005
Bond Buyer;3/22/2005, Vol. 351 Issue 32095, p2
Trade Publication
Reports on the credit rating assigned by Moody's Investors Service Inc. to the refunding bonds of Vernon Township School District in New Jersey. Security of the bonds by the district's general obligation, unlimited-tax pledge; Reflection of the district's average wealth levels and low budget burden in the underlying A3 rating; Ability of the state to regenerate the fund in the case of a draw.


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