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MARICOPA COUNTY SCHOOL DISTRICT 41 (GILBERT UNIFIED), AZ - Moody's Research Report

Moody's downgrades to Aa3 the G.O. bonds of Gilbert Unified School District No. 41 (Maricopa County), AZ

Posted on: August 17, 2012, 5:18 pm

NEW YORK, August 17, 2012 --Moody's Investors Service has assigned a Aa3 rating to Gilbert Unified School District No. 41 (Maricopa County), Arizona's Refunding Bonds, Series 2012, expected to be issued in the amount of $29.7 million. At this time, Moody's downgrades to Aa3 from Aa2 the district's rated outstanding parity debt totaling $123.9 million. The current offering is secured by the district's unlimited property tax pledge. Bond proceeds will advance refund certain maturities of the districts outstanding School Improvement Bonds, Project of 2005, Series A (2005)...

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