DALLAS -- West, Texas, and its school district had their credit ratings lowered Wednesday by Moody’s Investors Service, which cited the cost of rebuilding and the lack of federal assistance following an April 19 fertilizer plant explosion.

The town’s credit rating dropped to Baa2 from Baa1 while West Independent School District’s underlying rating fell to Baa1 from A1. The outlook is negative for both.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.