CHICAGO — Moody’s Investors Service said Tuesday it is maintaining its negative outlook on Michigan’s school districts — with more downgrades expected — due to ongoing challenges from “unprecedented stress” over the last few years, primarily from falling enrollment and state aid.

Moody’s has downgraded nearly a quarter of the 239 Michigan school district it rates since January 2009, the ratings agency said in the outlook report, “Michigan School Districts Under Pressure: Outlook Remains Negative.”

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