Wall St. is bullish on school closings

Moody's in no mood for public schools. 

Philly.com reports that Wall St. likes the mass closing of public schools.

The Philadelphia School District's plan to shut almost 1/10 of the district's 250 schools, as competing, taxpayer-funded charter schools draw off one-third of the district's student body and Gov. Corbett cuts state aid, is "positive from a credit perspective" because it shows school officials "are intent on reducing expenditures" even if it makes them "unpopular," writes Moody's analyst.

There's no mention of the Dept of Justice's pending actions against Moody's for defrauding investors.