<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0xLuZh_1ED2I0L900" alt="https://img.particlenews.com/image.php?url=0xLuZh_1ED2I0L900" width="1280" height="720" ><figcaption>Duluth Schools</figcaption></figure>DULUTH, Minn. &amp; NEW YORK (KQDS-TV) - Moody's Ratings has downgraded Duluth Independent School District 709's ratings to Baa2 from A3.The Baa2 rating is now a “speculative grade” category. That tells investors there is a higher risk of default compared to investment‑grade bonds.The School District then responded by downgrading the district's annual appropriation certificates of participation (COPs) ratings to Baa3 from Baa1.As of October 2025, the district has about $184 million in total debt outstanding.The school district says, "The downgrade reflects the expectation that the district's general fund balance position will decline further in fiscal 2026 and remain challenged over the next several years despite planned expenditure reductions to generate a modest operating surplus in fiscal 2027."</div></body>

Block Source: FOX 21 Online

Misinformation

Clickbait

Old or repetitive news

Explicit content

Location not relevant

DULUTH, Minn. & NEW YORK (KQDS-TV) - Moody's Ratings has downgraded Duluth Independent School District 709's ratings to Baa2 from A3. The Baa2 rating is now a “speculative grade” category. That tells investors there is a higher risk of default compared to investment‑grade bonds. The School District...

Moody's downgrades Duluth Independent School District 709

NewsBreak

DULUTH, Minn. & NEW YORK (KQDS-TV) - Moody's Ratings has downgraded Duluth Independent School District 709's ratings to Baa2 from A3. The Baa2 rating is no

Moody's downgrades Duluth Independent School District 709

Comments