Moody's Investors Service said it has downgraded to Baa1 from A3 the underlying rating on Gooding County School District No. 232 (Wendell), Idaho's general obligation bonds outstanding in the approximate amount of $12.5 million.

The bonds are secured by the district's full faith, credit and unlimited property tax pledge, and also backed by the Idaho School Bond Guaranty Program, which maintains a Aaa rating.

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.