Moody's Investors Service has downgraded the Kenosha Unified School District's general obligation rating by one notch to A1 and warned of further action by assigning a negative outlook due to the Wisconsin district's fiscal strains.

The action affects $133 million of outstanding debt. The school district's challenged financial operations have led to "material declines in reserve levels," Moody's analysts wrote.

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.