Caroline County I.D.A. Revenue Bonds to be downgraded from a AAA rating?

From Moody’s Investor Services: Caroline County I.D.A., VA (registration required) [emphasis mine]:

CREDIT : Caroline County I.D.A., VA
OUTLOOK OF CREDIT : No Outlook, 15 NOV 2003
Lease Revenue Bonds, Series 2002
SALE AMOUNT : 10.46
SALE DATE : 7 JUN 2002
SECURITY : Lease Rental
PRIMARY PURPOSE : COUNTY
SECONDARY PURPOSE :
SALE TYPE : PF BOND
SUPPORT : Yes
ORIGINAL FACE AMOUNT : 10.46
Description Rating Rating
Date
Last Rating
Action
Watch Status
INSURED Aaa 18 SEP 2002 Assign Possible Downgrade,
16 JAN 2008

Sorry for the weird appearance but it’s best I can do.

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