Moody's Investors Service said it has downgraded the underlying rating of Benton Area School District, Pa., to A2 from A1 in conjunction with sale of $2.5 million general obligation bonds of 2013 and assigns A1 enhanced rating.

The downgrade to A2 affects $13.4 million in outstanding GO debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.