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
. "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.