Return to Headlines

Moody's Investor Services Upgrades Peoria Unified's Bond Rating

Moody's Investors Services has recently published a new methodology for US public school districts and bond sale ratings. Based on the new methodology,Moody’s Investors Service, Inc. (“Moody’s”), upgraded the District’s “general obligation unlimited tax (GOULT)” bond rating from “A1” to “Aa3”. The rating change affects the following bond issues:

 

•Refunding Bonds, Series 2012

•School Improvement Bonds, Series 2013

•School Improvement Bonds, Series 2014

•School Improvement and Refunding Bonds, Series 2015

 

“Bond rating agencies consider cash reserves and fund balances when rating school districts. This upgrade is a reflection of the district’s commitment to transparency and fiscal responsibility,” said Peoria Unified’s Chief Financial Officer,Michelle Myers. “This demonstrates the district’s ongoing commitment to our community and the stewardship of district resources. I am pleased that we have received this upgrade.”