BISD financial rating downgraded - 12 News KBMT and K-JAC. News, Weather and Sports for SE Texas

BISD financial rating downgraded


Moody's Investors Service has downgraded the general obligation bond rating for Beaumont Independent School District.

It impacts the district's ability to borrow money.

BISD was downgraded from AA-2 to A-1.

Moody's has also given BISD a "negative" outlook.

The bad news is made somewhat less troubling because the Texas Permanent School Fund secures the bonds.

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