Moody's Confirms A2 on Tuxedo UFSD, NY's GOs; Outlook Revised to Stable
New York, November 18, 2016-- Summary Rating Rationale. Moody's Investors Service has confirmed the Tuxedo Union Free School District, NY's A2 general obligation rating, and revised the outlook to stable, which completes the review for possible downgrade. The district has $1 million in general obligation bonds outstanding.The A2 rating reflects the severe decline in the district's enrollment due to the termination of a contract agreement with neighboring Greenwood Lake...
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