In an announcement released on March 29, Moody’s Investor Service has given the Shorewood School District an Aa2 long-term credit rating and P-1 short-term credit rating, describing the District as having “a very high quality credit position.”
The Moody's rating for Shorewood School District indicates both long- and short-term credit strength. The long-term Aa2 rating is judged to be of high quality and stronger than the national school districts median rating of Aa3. Institutions with an Aa2 rating have financial obligations that are subject to very low credit risk. The District’s short-term P-1 rating indicates that the institution has a superior ability to repay short-term debt obligations.
In describing the District’s debt position, the Moody’s report noted that “the debt burden of Shorewood School District is light.” Further, the Moody’s report also noted that “the net direct debt to full value (0.8%) is lower than the US median, and declined from 2014 to 2018.”
"The strong rating from Moody’s is a reflection of our responsible fiscal management over the last five years," said Superintendent Bryan Davis.
The Moody's rating for Shorewood School District indicates both long- and short-term credit strength. The long-term Aa2 rating is judged to be of high quality and stronger than the national school districts median rating of Aa3. Institutions with an Aa2 rating have financial obligations that are subject to very low credit risk. The District’s short-term P-1 rating indicates that the institution has a superior ability to repay short-term debt obligations.
In describing the District’s debt position, the Moody’s report noted that “the debt burden of Shorewood School District is light.” Further, the Moody’s report also noted that “the net direct debt to full value (0.8%) is lower than the US median, and declined from 2014 to 2018.”
"The strong rating from Moody’s is a reflection of our responsible fiscal management over the last five years," said Superintendent Bryan Davis.
“The District’s fiscal responsibility since 2014 has put us in a good position to address our facilities needs now and sustain our good fiscal standing into the future,” said School Board President Paru Shah.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis, covering more than 130 countries.
For more, information, visit the Moody’s website.