Gordon County School District, GA -- Moody's confirms Gordon County School District, GA's A1 G.O. rating

New York, August 21, 2014 -- Moody's Investors Service has confirmed the A1 rating on Gordon County School District, GA's $22.7 million in outstanding general obligation debt. The bonds are secured by the district's general obligation pledge, unlimited as to rate or amount, but is expected to be repaid with proceeds of a voter approved special purpose local option sales tax (SPLOST) which expires concurrently with the bonds in 2017. Concurrently, we have removed the rating from review, as our review resolves the earlier action. Moody's placement of the rating under review with direction uncertain on June 27, 2014 was prompted by a lack of sufficient 2013 financial information, which we have since received.

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