The State College Area School District will issue about $39.12 million of it bonds — General Obligatory Bonds, Series of 2017 — starting on Tuesday to provide extra funding for the State College Area High School project, according to a district press release.
The bonds are rated at Aa1/AA by Moody’s and Standard & Poor’s.
“State College Area School District has retained the Aa1 rating from Moody’s, its second highest category,” the release states.
The AA rating is Standard & Poor’s third highest category.
According to the release, anyone interested in purchasing the bonds should request a copy of the Preliminary Official Statement related to the bonds from Bank of America Merrill Lynch at 231-8901 or Janney Montgomery Scott 800-441-1514.