Moody’s Investors Service assigned an A2 underlying rating to Oklahoma County Independent School District No. 41’s $4.7 million of building bonds, and downgraded to A2 from A1 the district’s outstanding parity debt, affecting a total of $17.9 million.

Proceeds from the bonds will be used to retire the September 2011 maturity of the district’s existing lease revenue bonds that were used to construct and equip various school facilities.

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