Greene County School District, GA -- Moody's confirms Greene County School District, GA's Aa2 GOLT and Issuer Long Term rating

New York, August 22, 2014 -- Moody's Investors Service has confirmed the Aa2 general obligation limited tax rating of Greene County School District, GA. Concurrently, we have confirmed the Aa2 Issuer Long Term rating, reflecting the district's implied general obligation unlimited tax pledge. The Aa2 GOLT rating affects $15.92 million in outstanding general obligation limited tax bonds. Pursuant to an intergovernmental contract with Greene County Development Authority, which issued the Series 2009 bonds, the bonds are secured by the district's absolute and unconditional pledge to levy a property tax, subject to a statutory 20-mill limit for operations to cover debt service on the bonds. 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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