Moody's Investors Service said it has downgraded the rating on $39 million in Utica City School District, N.Y., outstanding debt to Baa2 from Baa1, and assigned an enhanced A2 and underlying Baa2 rating to the district's $22 million general obligation refunding bonds, Series 2013.
Utica City SD, N.Y., Downgraded to Baa2 by Moody's
JAN 31, 2013 7:22am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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