Moody's Investors Service has upgraded to Ba2 from Ba3 the rating on Brooklyn Center Independent School District 286, Minn.'s general obligation unlimited tax debt.
As of June 30, 2014, the district had $28.4 million of GO debt outstanding.
The Ba2 rating reflects the district's long-term deficit general fund position that has exhibited recent signs of improvement. The rating also incorporates the district's modestly sized tax base that grew slightly in 2013 after five consecutive valuation declines, a below average demographic profile, and elevated debt burden.
