Moody's Investors Service has downgraded to A2 from A1 the rating on Portsmouth City School District, Ohio's general obligation bonds, affecting $2.9 million in Moody's rated debt.

The bonds are secured by the district's general obligation unlimited tax pledge. The district has an additional $10 million in parity debt outstanding that is not rated by Moody's but considered in the credit analysis.

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.