![]() ![]() "The Baa1 enhanced rating reflects the availability of state aid for debt service obligations in light of the commonwealth's chronically late budgets." ![]() "The A3 underlying rating incorporates the district's stabilizing financial position, large tax base with average wealth indices and elevated debt burden," Moody's representatives said in a written statement. The district's school board authorized the sale of an estimated $10 million bond issue in January to help pay for the new schools being built in Bristol Township.ĭistrict officials learned earlier this month that Moody's Investor Service had assigned the bond series an A3 underlying rating with a negative outlook and a Baa1 enhanced rating on Bristol Township's $131.2 million in outstanding debt. Pennsylvania's state budget impasse has, in part, prevented the Bristol Township School District from improving its bond rating, an official said Tuesday night. ![]()
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