DALLAS - Still reeling from the destruction of Hurricane Ike, the Galveston Independent School District has landed on two rating agency watch lists for a possible downgrade.

Fitch Ratings on Friday joined Moody's Investors Service in dimming the outlook to negative from stable. Moody's provides an underlying rating of A2, while Fitch rates the debt A-plus. Standard & Poor's, so far, has taken no action regarding its A-minus rating.

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