BRADENTON, Fla. — A Georgia Supreme Court ruling that Atlanta's charter schools have no legal obligation to share in the Atlanta Independent School System's pension costs is a credit negative for school districts statewide, Moody's Investors Service said Monday.

"The $2.8 million of revenue that [Atlanta Independent] will return to the charter schools as a result of the ruling is not a large amount for the school system, but the dispute underscores the larger issue of charter school funding in Georgia and the negative implications for public school districts," Moody's analyst Michael D'Arcy wrote in a report.

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