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NORTH BRANCH INDEPENDENT SCHOOL DISTRICT 138, MN - Moody's Research Report

MOODY'S ASSIGNS A1 UNDERLYING RATING AND Aa2 ENHANCED (MSDE) RATING WITH NEGATIVE OUTLOOK TO NORTH BRANCH ISD NO 138'S (MN) $17.4 MILLION GO SCHOOL BUILDING REFUNDING BONDS, SERIES 2012A; NEGATIVE OUTLOOK ASSIGNED

Posted on: April 11, 2012, 1:02 pm

NEW YORK, April 11, 2012 --Moody's Investors Service has assigned an underlying A1 rating with a negative outlook and an enhanced Aa2 rating with a negative outlook to North Branch Independent School District No. 622's (MN) $17.4 million General Obligation School Building Refunding Bonds, Series 2012A. Concurrently, Moody's has affirmed the A1 underlying rating on the district's outstanding long-term general obligation debt. Post-sale, the district will have $35.2 million of outstanding long-term general obligation debt...

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