May 23 The May 20 tornado that struck a suburb
of Oklahoma City could impact the long-term credit quality of
the school district and hospital in its path, Moody's Investors
Service said on Thursday.
The credit rating agency said it is evaluating the ability
of issuers in the state to manage recovery and costs related to
the tornado damage, estimated at more than $2 billion. It is
also looking into whether the tornado could create challenges
for issuers in making timely debt service payments.
The Moore Cleveland County Independent School District,
where two elementary schools were destroyed, expects to make its
$7.3 million debt payment scheduled for June 1, Moody's said.