Eagle County School District RE-50J, CO -- Moody's corrects the rating on Eagle County School District RE-50J (CO)'s General Obligation Refunding Bonds, Series 2009

New York, April 30, 2015 -- Moody's Investors Service has corrected the enhanced rating on Eagle County School District RE-50J, Colorado General Obligation Refunding Bonds, Series 2009 to Aa2 from Aa3. On May 1, 2010, the Aa3 municipal scale enhanced rating on the bonds should have been recalibrated to a Aa2 rating. However, due to an internal administrative error, the rating remained at Aa3. The Aa2 enhanced rating is based upon the Colorado School District Credit Enhancement Program and primarily reflects the state's liquidity, the program's strong district oversight, and guarantee of timely payment in the event of a shortfall. For additional information regarding the program, please refer to Moody's Global Credit Research report dated February 29, 2008.

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