Friday, March 16, 2001
What's the Buzz?
District's bonds get AA1 rating
Looks like the residents of Indian Hill aren't the only ones in the village with good finances.
Moody's Investors Service has assigned an initial “AA1” rating on the school district's $49.6 million school improvement bonds. That means the bond rating service gives the school district a low likelihood of defaulting on the bonds, which will pay for capital improvement projects.
Moody's attributes its positive rating to the district's exceptionally affluent socioeconomic profile, a large and mature tax base, extremely sound financial operations and a manageable debt burden.
The bond sale will start later this month.
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