http://ecusd7.org/hamel/wp-content/uploads/sites/6/2023/03/sp-global_website.png 400 533 mmitchell http://ecusd7.org/hamel/wp-content/uploads/sites/6/2018/06/hamel-logo-300x78.png mmitchell2023-03-01 17:41:432023-03-01 17:43:32S&P Upgrades Credit Rating for District
S&P Upgrades Credit Rating for District
District #7 has announced the S&P Global Ratings has raised its underlying rating on the district’s general obligation debt two notches to A- from BBB.
A higher bond rating typically allows the borrower to enjoy lower interest rates, which could result in the savings for the average taxpayer in District #7.
According to the S&P, the upgrade reflects the district’s improved financial profile, fueled by a permanent voter-approved tax rate increase and higher funding from the state, which have resulted in very strong operating results in each of the past five years and similar results anticipated at the end of fiscal 2023.