CUSIP 362550NN1
- ISIN: US362550NN14
- Entity Name: Gadsden Independent School District 16
- Sector: Municipal Agency
- Announcement Date: 18-Jun-2018
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 15-Aug-2026
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: Moody`s Investors Service has downgraded to Aa2 from Aa1 the rating on the State of New Mexico`s general obligation bonds and revised the outlook to stable from negative. This action affects approximate $260 million outstanding general obligation bonds. We have also downgraded to Aa3 from Aa2 the programmatic rating on the New Mexico School District Intercept Program, and to Aa3 from Aa2 the rating on the state`s only outstanding series of lease appropriation bonds. Moody`s maintains the Aa1 rating and stable outlook on the state`s senior lien transportation revenue bonds. This rating incorporates a number of credit strengths considered in our special tax methodology, including, but not limited to, the strong legal separation between the pledged transportation revenues and the state`s general fund.
- Description: Municipal Name: Gadsden Independent School District 16 CUSIP: 362550NN1 Currency: USD Gadsden Independent School District 16 announced today that the Moody`s Investors Service has downgraded the ratings of the Series 2016, General Obligation Bonds from Aa2 to Aa3.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US362550NN14
