Standard & Poor’s last week downgraded Linn-Mar Community School District’s rating two notches to A-plus from AA on its school infrastructure sales, service, and use tax revenue bonds as debt service coverage ratios will fall once the district carries out its plans to issue additional debt.

The district is issuing $15.5 million of school sales tax revenue bonds and has plans for an additional $10 million of debt this year and next. Proceeds of the new sale are to fund various projects in the district.

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