Moody's Investors Service said it has downgraded the Paynesville Independent School District No. 741, Minn.'s general obligation rating to A2 from A1.

The rating affects approximately $5.5 million of general obligation debt outstanding. The bonds are secured by the district's unlimited tax pledge.

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.