DALLAS – State and federal investigations of the Beaumont Independent School District in Texas led Moody’s Investors Service to warn of a possible downgrade on the district’s $405 million of general obligation debt Tuesday.

“Moody’s believes that the currently pending investigations could result in fiscal and legal ramifications for the district, exerting a downward pressure on the rating,” said analyst Karolina Norris.  “Moody’s will continue to monitor the investigations and will assess the magnitude of any impact on the district’s creditworthiness.”

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