Moody's Downgrades Lapeer Community Schools, MI's GOULT to Baa1; Outlook Is Stable
New York, February 23, 2017-- Summary Rating Rationale. Moody's Investors Service has downgraded the underlying rating on Lapeer Community Schools, MI's general obligation unlimited tax debt to Baa1 from A3 and confirmed the Baa1 rating on outstanding general obligation limited tax debt; the outlook is stable. This action concludes a review undertaken in conjunction with the publication on December 19, 2016 of the US Local Government General Obligation Debt Methodology.
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