District maintains highest possible credit rating from Standard and Poor’s
The Dublin City School District had its highest possible credit rating affirmed by Standard and Poor’s Financial Services earlier this month.
Standard and Poor’s’ affirmation of the District’s AAA credit rating was based on many factors, including: strong voter support, strong cash balances and moderate debt burden.”
The district’s credit ratings are important to our taxpayers because they reduce the amount of interest the district must pay when it sells bonds to fund projects.
Only a handful of districts in Ohio receive the highest possible rating.
“Community support is an enormous factor in our credit ratings,” said Treasurer/CFO Brian Kern. “Standard and Poor’s continues to be very impressed with the pro-education climate present in our community.”
According to the Standard & Poor’s report, the district had its AAA rating affirmed in part due to “very strong income indicators and extremely strong market value per capita.”
Moody’s Investor’s Service assigned the District a Aa1 rating, the second highest possible.