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SOUTH RIVER BOARD OF EDUCATION, NJ - Moody's Research Report

Moody's assigns Aa3 enhanced rating and A1 underlying rating to South River Board of Education's (NJ) $3.8 million GO Refunding School Bonds, Series 2012

Posted on: June 12, 2012, 6:17 pm

NEW YORK, June 12, 2012 --Moody's Investors Service has assigned a Aa3 enhanced rating and a A1 underlying rating to South River Board of Education's (NJ) $3.8 million Refunding School Bonds, Series 2012. Concurrently, we have affirmed the A1 underlying rating on $17.9 million of post sale, parity G.O. debt. The bonds are general obligations of the district and are secured by the district's unlimited tax pledge. Proceeds will be used to refund series 2003 bonds for an estimated 4.3% net present value savings...

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