Moody's Investors Service said it has upgraded to Aa2 from Aa3 the underlying rating on Berkeley County School District, S.C.'s $151 million of outstanding general obligation debt and upgraded to Aa3 from A1 the rating on $296 million of installment purchase revenue bonds issued through Securing Assets for Education.

Moody's has assigned a Aa1 enhanced rating with a stable outlook and a Aa2 underlying rating with a stable outlook to the district's $45 million general obligation refunding bonds, Series 2012D.

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