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MONROE, La. (AP) — A strong financial history and a healthy general fund surplus have contributed to an increased bond rating for the Ouachita Parish School Board.
The News-Star reports (http://tnsne.ws/1lpcHAr ) board members learned Tuesday that their newest from bond rating from Standard & Poor's Rating Services increased to AA from a AA minus and is now one of the highest bond ratings of any school board in the state.
The improved bond rating helped the board to secure low interest rates on the sale of bonds which they will now use to improve district facilities.
Board members unanimously approved the sale of $15 million in bonds for the west side of the school district and $9.8 million for the east side.
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Information from: The News-Star, http://www.thenewsstar.com
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