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Tea Area business manager says S&P raised bond rating to AA-; better rates expected
Tea Area School District 41-5 Board of Education · December 10, 2024
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Summary
The district's business manager reported S&P revised the district's bond rating from A+ to AA-, citing enrollment, development, and healthy fund balance reserves; the board heard that future issuances should have better interest rates.
The Tea Area School District 41-5 business manager told the board that S&P updated the district’s bond rating from A+ to AA- after reviewing local development, student enrollment and fund balance reserves.
The b…
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