The West Clermont School District is proud to share that Moody’s Ratings has upgraded the district’s bond rating to Aa3 from A1. This is the fourth-highest rating and reflects the district’s commitment to fiscal responsibility and strong financial health.
“We are immensely proud of this upgrade, which reflects our district’s enduring commitment to sound financial stewardship,” said Daniel Romano, Treasurer and CFO of West Clermont Schools. “Even in the face of economic challenges, we remain dedicated to responsibly managing taxpayer dollars while strategically investing in the future of our students and community.”
Moody’s said it upgraded the rating because of the district’s strong financial trend that will likely continue improving for the next few years, supported by significant tax base appreciation. Moody’s also pointed to the district’s reserves which are expected to remain strong through fiscal 2025.
Moody’s Ratings is a leading credit rating agency that assesses the creditworthiness of corporations and government entities. Its bond ratings indicate the probability that a borrower will meet its financial obligations. These ratings are crucial for investors, as they guide decisions on purchasing bonds. A favorable rating from Moody’s can significantly benefit the district when it issues bonds, potentially leading to more favorable terms and lower borrowing costs.