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MOUNT VERNON CITY SCHOOL DISTRICT, NY - Moody's Research Report

Moody's Investors Service assigns an A3 underlying and A2 enhanced rating to Mount Vernon City School District's (NY) $1.6 million GO School District Serial Bonds, 2012 and a MIG 1 to the district's $6.9 million in Bond Anticipation Notes, 2012

Posted on: August 6, 2012, 6:07 pm

NEW YORK, August 06, 2012 --Moody's Investors Service has assigned an A3 underlying and an A2 enhanced rating to Mount Vernon City School District's (NY) $1.6 million General Obligation School District Serial Bonds, 2012 and a MIG 1 rating to $6.9 million Bond Anticipation Notes, 2012. Concurrently, Moody's has affirmed the A3 rating on the district's $106.7 million in previously-issued parity debt. The bonds and BANs are secured by the district's unlimited tax pledge and proceeds will finance reconstruction and alteration projects for various school buildings...

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