Moody's Investors Service said it has upgraded the rating to Aa2 from Aa3 on Plainedge Union Free School District, N.Y.'s $35 million of outstanding general obligation debt.

Concurrently, Moody's has assigned a Aa2 rating to the district's $4.2 million refunding serial bonds -- 2012 Series A, $17.2 million refunding serial bonds -- 2012 Series B and $4.8 million refunding serial bonds -- 2012 Series C.

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