Boise School District Upgraded To

Highest Bond Rating:

First In Idaho To Achieve Triple “A” Credit Rating

Boise, ID -- 06/11/2019 -- Boise School District is the first and only Idaho public entity (public bond issuer), and currently one of only 89 school districts in the nation, to earn a Aaa bond rating from Moody’s Investor Service . The Aaa rating is the top credit rating available for a government entity. 

“The Aaa rating confirms the financial strength of the Boise School District and recognizes our continued efforts to be responsible stewards of taxpayer funds," said Boise School Board President Nancy Gregory .

Credit ratings play a critical role in determining how much companies and government entities that issue debt have to pay to access credit markets. Not unlike a personal credit score, credit ratings determine borrowing costs and the amount of interest paid on issued debt.

In its press release , Moody’s said school districts rated Aaa are judged to “be of the highest quality and subject to the lowest level of credit risk. Additionally, Boise Independent School District has continued to strengthen or maintain its already solid credit fundamentals through an economic cycle and we expect the district will maintain a level of budgetary and economic resilience that will allow it to continue to produce stable operations comparable to its Aaa-rated peers.”

Less Than 1% of public school districts hold a Triple "A" credit rating

An evaluation of public school districts in the United States reveals that only 0.50% hold a Aaa credit rating. “It is extraordinarily difficult to achieve a Aaa rating from Moody's, said Boise School District Chief Financial Officer Nancy Landon . "Our staff works very hard to keep our district in a very strong financial position and to be acknowledged in this way is a great honor."

This is the first time in history that the Boise School District has received the prestigious investment grade credit ranking. Moody’s Investor Service upgraded Independent School District of Boise City, Idaho’s General Obligation bonds to Aaa from Aa1, affecting approximately $127.1 million in debt outstanding. Moody's also assigned the Aaa rating to the district’s $60.6 million General Obligation Bonds, Series 2019. 

ABOUT BOISE SCHOOL DISTRICT

Boise School District is a high-performing, nationally recognized, comprehensive public school system serving approximately 26,000 students. Each day, our distinguished and passionate teachers deliver a high-quality educational program to each and every student - helping to prepare them for success in college, career and in life. Learn more at http://everythingspossible.boiseschools.org/

News Media Contact: 

Dan Hollar 

Public Affairs Administrator 

Boise School District 

(208) 854-4064 

[email protected] 

www.boiseschools.org

Boise School District does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities and provides equal access to all individuals.  Learn more...