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Niskayuna school credit rating hurt by reserve trim, high indebtedness

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Moody’s Investors Service has downgraded the Niskayuna Central School District’s credit rating for draining its reserves to low levels and having a high debt burden. The bond rating agency lowered the bond rating one notch from Aa2 — the third-highest rating — to Aa3. The district had $11.6 million in reserves at the end of the 2009-2010 year and that figure is down to $7.3 million now. However, most of that surplus is designated for ...


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comments

schdypete
September 24, 2012
8:19 a.m.

[ Flag Post ]

The report does not list specific employers, it states "multiple large employers". Also, Lockheed Martin has not run KAPL since 2008. Please get the right information before putting it in an article.

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