Education
LA School District Downgraded by Moody’s as Enrollment Shrinks
Key Points
LA School District Downgraded by Moody’s as Enrollment Shrinks Los Angeles Unified School District’s credit grade was cut one level by Moody’s Ratings on Tuesday, as declining enrollment and growing costs pressure its finances. The downgrade to A1 from Aa3 came after county officials warned in early July that the district may not be able to meet its obligations in the coming years. Its superintendent also stepped down last month following an FBI raid on his home in February.
LA School District Downgraded by Moody’s as Enrollment Shrinks
Los Angeles Unified School District’s credit grade was cut one level by Moody’s Ratings on Tuesday, as declining enrollment and growing costs pressure its finances.
The downgrade to A1 from Aa3 came after county officials warned in early July that the district may not be able to meet its obligations in the coming years. Its superintendent also stepped down last month following an FBI raid on his home in February.