DALLAS – The Las Cruces School District, N.M. has a brighter outlook on its Aa2 rating from Moody’s Investors Service as it prepares to price $10 million of general obligation bonds in a competitive sale Tuesday.

Moody’s Thursday changed the outlook on the school district’s debt to stable from negative, citing revenues and the financial structure of the upcoming deal. The bonds will go to market with Aa1 ratings based on the New Mexico School District Enhancement Program that wraps the debt.

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