S&P revises Greensburg Salem School District outlook to negative

March 26 Tue Mar 26, 2013 3:40pm EDT

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March 26 (Reuters) - Standard & Poor's Ratings Services on Tuesday revised its outlook on Greensburg Salem School District, Pennsylvania, to negative from stable.

S&P said the outlook revision "reflects our assessment of the district's declining financial position stemming from four consecutive deficits for the past four fiscal years and a projected deficit for the current fiscal year."

The credit ratings agency also affirmed the district's A-plus school issuer credit rating.

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