Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Centennial SD presenter credits Moody's rating for bond-refinancing savings
Summary
At a Centennial SD board meeting, finance staff described a recent bond refinancing as "fantastic news," saying Moody's positive rating helped lower borrowing costs and saved an estimated $500,000 to $1,000,000 on recent refinancings. The presentation was informational; no board votes were taken.
At an informational meeting, Centennial SD finance staff told the board a recent bond refinancing produced meaningful savings and credited positive feedback from Moody's for improving market reception.
The presenter said Moody's calls and investor interest were "very positive," and explained that a one-step or two-step difference in the district's credit rating would have changed savings on the district's two most…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
