Moody’s Investors Service upgraded to Baa1 from Baa2 its rating on $6.1 million of Menahga Independent School District 821’s general obligation debt due to its stable financial performance.

Minnesota is delaying March and April payments to most school districts until May because of its own budget pressures, but Menahga expects to do without the need for cash-flow borrowing.

Future debt include a possible $5.5 million issue of federally funded qualified school construction bonds.

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