Moody's Investors Services said it has upgraded the rating on Lake Placid Central School District, N.Y.'s outstanding general obligation debt to A1 from A2.

The district has $7.17 million of outstanding debt, which is secured by a general obligation pledge of ad valorum taxes as limited by the Property Tax Cap - Legislation (Chapter 97 (Part A) of the Laws of the State of New York, 2011).

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