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CLARK COUNTY SCHOOL DISTRICT 122 (RIDGEFIELD), WA - Moody's Research Report

MOODY'S ASSIGNS Aa3 UNDERLYING RATING TO RIDGEFIELD SCHOOL DISTRICT NO. 122 (CLARK COUNTY), WASHINGTON, UNLIMITED TAX GO BONDS, 2012

Posted on: April 27, 2012, 7:16 pm

NEW YORK, April 27, 2012 --Moody's Investors Service has assigned a Aa3 underlying rating to Ridgefield School District No. 122 (Clark County), Washington's Unlimited Tax General Obligation (UTGO) Bonds, 2012 expected to be issued in the amount of $47.0 million. At this time, Moody's also affirms the Aa3 rating on the district's $0.35 million in outstanding parity debt. The bond proceeds will finance various capital improvement projects, including the construction and modernization of classrooms and support athletic facilities. The bonds are secured by the district's full faith, credit and unlimited property tax pledge...

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