Moody's Investors Service said it has assigned a Aa3 rating to Santa Ana Unified School District, Calif.'s 2012 general obligation refunding bonds in the approximate amount of $19.5 million.

Moody's has also downgraded the rating on the district's outstanding general obligation debt totaling approximately $332.5 million to Aa3 from Aa2 and the district's outstanding lease debt to A2 from A1.

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.