Moody's Investors Service has downgraded to Baa1 from A2 the underlying rating on Avondale School District, Mich.'s general obligation tax pledge and removed the negative outlook.
Avondale School District, Mich., Downgraded to Baa1 by Moody's
FEB 7, 2013 7:36am 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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