New York Mills School credit rating drops | Perham Focus

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New York Mills School credit rating drops

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The New York Mills Independent School District's credit rating has been downgraded from A2 status to A3.

The downgrade was given after an evaluation of the financial history of the district by Moody's, an independent rating company.


According to Moody's, the downgrade is due to a declining tax base in the school district, a below average economic profile and narrow financial positions.

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