CSD Receives Strong Bond Rating

CSD Receives Strong Bond Rating
Posted on 03/01/2023
The Centennial School District School has been awarded an Aa2 long-term and Prime-1 short-term rating by Moody's Investors Service.

The Aa2 rating, which is the third highest rating assigned by Moody’s, is stronger than the media rating of As3 for US school districts, indicating Centennial School District is considered a long-term high-quality, very low credit risk, and also has a great ability to repay short-term debt.

Superintendent of Schools Dr. Dana T. Bedden shared, “A school district bond rating is similar to an individual’s credit score, which would impact a personal loan or mortgage rate. We are delighted to maintain our strong bond rating, which could mean significant savings for our taxpayers if we have the need to borrow funds for projects such as renovations, etc.”

Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation. The company ranks the creditworthiness of borrowers using a standardized rating scale that measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal, and corporate bonds.
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