Moody's gives enhanced Aa2 to Reynoldsburg, Ohio, school bonds

Moody's Investors Service said it assigned the Ohio School District Credit Enhancement program's Aa2 enhanced rating to Reynoldsburg City School District, Ohio's $56 million school facilities construction and improvement bonds (general obligation unlimited tax), series 2008.

The underlying rating for the bonds is Aa3.

The Aa2 enhanced rating is notched off the state's Aa1 general obligation rating and is also assigned a negative outlook.

Sale of the bonds is expected on June 13.

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