LOS ANGELES -- Moody's Investors Service this week assigned its highest note rating to a pooled deal for schools in Los Angeles County, based on a technique that does not peg such ratings to a pool's weakest participants.

Moody's also said yesterday that state budget problems likely will lead to deeper cuts in school district budgets, but that it is incorporating this concern into ratings it assigns to school note deals for fiscal 1993.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.