27.08.2014 18:18:00

LaGrange (City of) KY -- Moody's confirms Ba2 on LaGrange, KY's GO debt

New York, August 27, 2014 -- Moody's Investors Service has confirmed the Ba2 rating on City of LaGrange's (KY) general obligation bonds, affecting $3.4 million in parity debt. Debt service on the bonds is secured by an annual ad valorem tax, levied against all taxable property in the city without legal limitation as to rate or amount. We have also removed the rating from review. The rating was placed under review with direction uncertain on June 27, 2014 due to the lack of sufficient fiscal 2013 financial information, which we have since been received.

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