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Clarksville Community Schools wins A+ S&P rating; district announces tentative $9.9 million bond sale
Summary
Superintendent Dr. Bennett told the board the district received A+ long‑term and A+ underlying ratings from S&P Global and announced a tentative bond sale on May 11 with closing on June 12 for a $9.9 million bond to fund upcoming projects.
The Clarksville Community School Corporation received an A+ long‑term rating and an A+ underlying rating from S&P Global, Superintendent Dr. Bennett told the board at a special session. "The Clarksville Community Schools received an A A plus long term rating and an A plus underlying rating on our existing debt through S and P Global. Our outlook remains stable," he said.
Dr. Bennett said the district has a tentative date to sell bonds on May 11, with closing and receipt of funds on June 12. "This is a 9,900,000 bond," he said, adding the financing will not set back planned projects and that the rating was an important milestone before sale.
Board members did not take formal action on the sale during the session; the superintendent presented the timetable and said documents would be signed as required in follow‑up. The S&P ratings and the planned bond would affect the district's borrowing costs and help finance a list of summer and next‑year projects outlined by district leadership.
Dr. Bennett credited district staff and external partners with compiling the information S&P requested. He specifically thanked Kelly Glover for coordinating documents and noted community sponsors for Teacher of the Year activities.
Next steps include finalizing sale documents and closing the bond transaction on the announced date if market and administrative conditions remain unchanged.
