27.08.2014 19:45:00

Poughkeepsie City School District, NY -- Moody's downgrades Poughkeepsie City School District, NY to A3; outlook negative

New York, August 27, 2014 -- Moody's Investors Service has downgraded the Poughkeepsie City School District, NY's rating to A3 from A1 ;the outlook remains negative. The rating and outlook affect approximately $31.5 million in outstanding long term general obligation debt. Concurrently, Moody's has downgraded the enhanced rating to A2 with a negative outlook from A1/stable outlook. The bonds are secured by the district's general obligation, unlimited tax pledge.

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