Moody's Investors Service said it has downgraded to Aa3 from Aa2 the underlying rating on Skaneateles Central School District, N.Y.'s $29.2 million in outstanding general obligation debt.

The district's debt is secured by an 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.