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Rye City School District Retains Aaa Moody's Bond Rating

The Rye City School District has retained its Aaa rating with Moody’s Investors Service.
The Rye City School District has retained its Aaa rating with Moody’s Investors Service. Photo Credit: File

RYE, N.Y. – The Rye City School District has retained its Aaa rating with Moody’s Investors Service, according to a press release.

Rye is only one of seven school districts in the state to receive the Aaa rating.

Moody’s lauded Rye educators for refinancing two of its bonds; this decision will ultimately save the school district more than $320,000.

“Moody’s granted the district (the) Aaa rating once again, recognizing long-standing fiscally conservative management by the Board of Education and the administration and the community’s support of the district as illustrated by unprecedented voter turnout and a 70 percent 'yes' vote in favor of the 2015-16 school budget,” Laura Slack, president of Rye City School District’s Board of Education, said in a press release.

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