Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Moody’s affirms Bosqueville ISD’s Aa2 credit rating, district notes stabilizing factors
Summary
At the March meeting district staff reported Moody’s affirmed Bosqueville ISD’s Aa2 credit rating, citing enrollment, appraisals and fund balance as stabilizing factors. The rating was presented for the board’s information; no action was required.
During the informational portion of the March 25 meeting, Mr. Skeeler presented Moody’s Rating Report and reported that Bosqueville ISD’s credit rating remains at Aa2.
Administration noted that enrollment trends, recent property appraisals, and the district’s fund balance contributed to keeping the rating stable. The item was informational and no board action was required. The rating may influence the district’s borrowing costs if the district pursues future debt issuance, but no such proposals were discussed or voted on at this meeting.
