SAN FRANCISCO – Moody’s Investors Service said the credit quality of the 327 school districts in California it rates would weaken if two state ballot measures to increase taxes fail this November, with downgrades possible for the most frail.

“We expect as many as 150 of the 327 California school districts that we rate to face some degree of fiscal pressure,” Moody’s said in a report Wednesday afternoon. “We would immediately place the weakest of these on review for downgrade if the proposals are defeated.”

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