Moody's Affirms DASNY Sch. Rev. Bonds Series 2009 D (Ithaca CSD) Aa3 rating; Removes Negative Outlook
New York, February 24, 2017-- Summary Rating Rationale. Moody's Investors Service has affirmed the Aa3 rating on Ithaca City School District, NY $3.3 million outstanding Dormitory Authority of New York State's School District Revenue Bond Financing Program Revenue Bonds, Series 2009 D. At this time, Moody's has removed the negative outlook. The Aa3 reflects the district's improved financial position following several years of reserve draws and the expectation that reserves...
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