Bond Update
Fitch Ratings has announced that they have upgraded the rating on the district’s 2006 general obligation bonds. The rating has been upgraded from A+ to AA-. The key rating factors are that the district’s financial performance remains sound, with consistent operating surpluses and strong reserve levels, and the district has moderate debt levels along with above average amortization. The District will continue to monitor the economy and its fiscal activities to strive to maintain or increase rating actions in the future.
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