New York, November 30, 2015 -- At the borrower's request Moody's has reviewed documentation relating to the defeasance and subsequent redemption of the State of Connecticut Health and Educational Facilities Authority Variable Rate Demand Revenue Bonds (Ridgefield Academy Issue) Series A (the Bonds).The proposed advance funding of the redemption of the Bonds will not, in and of itself and as of this time, result in a reduction, placement on review for possible downgrade or withdrawal of the current credit ratings assigned to the Bonds.
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