Moody’s Investors Service has assigned an underlying Aa3 and enhanced Aa2 rating to Firelands Local School District, OH’s $14.5 million General Obligation (Unlimited Tax) School Improvement Bonds, Series 2019B. Moody’s maintains the Aa3 underlying rating previously applied to the district’s outstanding general obligation unlimited tax (GOULT) debt. Following the sale of the current offering, the district will have $23.9 million in outstanding rated GOULT debt, as well as $450,000 in unrated general obligation limited tax (GOLT) debt.
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