Moody's Investors Service said it downgraded to A2 from A1 the rating on Crane Elementary School District, Ariz.'s general obligation bonds outstanding in the approximate amount of $14.7 million and assigns a negative outlook.

The ad valorem bonds are secured by the district's unlimited property tax pledge.

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.