DALLAS - With a major bond sale planned today, Moody's Investors Service this week downgraded the Jefferson County, Colo., School District to A from A1.

The agency cited the weakened finances of the state's largest school system. "The main concern we've had was their financial position," said Ditmar Kopf, assistant vice president at Moody's. "They have a low level of [fund] reserves for several years now."

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