MVSD Receives Highest Bond Rating (Triple-A)
From Nation’s Two Leading Rating Agencies!
Sale of Bonds Begins Next Week!
As many of you k
now, the District will be selling bonds next week for the purpose of refinancing bonds that were previously issued in March 2010. The transaction won’t create more money for projects, but because we’ll be able to borrow at lower interest rates, we expect to be able to reduce future taxpayer costs by more than $2 million.
This week, the District received notification that the refunding bonds have been rated Aaa by Moody's and AAA by S&P. We are proud that t
he District is only one of seven districts in California to receive a triple–A
rating from both agencies, the highest possible indicator of economic strength and fiscal responsibility.
For additional specific information on the sale of these bonds, click on the button below!