Spackenkill Rating Upgraded

Moody’s has upgraded the Spackenkill Union Free School District’s long-term obligations rating from A1 to Aa2. Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. Visit www.moodys.com for full ratings definitions. The ratings improvement will save the district an estimated 15 to 20 basis points on borrowing associated with the High School Project.