Fresno Unified School District announced Wednesday that it has received a good credit rating for the 18th consecutive year.
Moody’s Investors Services affirmed FUSD’s Aa3 rating, projecting a “stable” outlook for the district.
The big picture; According to the Moody’s report, Fresno Unified has long-term enrollment trends that will remain relatively with projected one percent annual declines, which is consistent with similarly rated districts.
- “The district’s finances will stay sound despite projected spend downs, benefitting from prudent management, conservative budgeting practices and an adopted reserve policy,” the report stated.
Why it matters: Having a good credit rating allows the district to have lower interest rates on the issuance and refinancing of bonds.
- That ensures that more tax dollars are used toward building projects with less going to interest payments.
What they’re saying: “The district’s consistent and continued strong credit rating is a testament to our team, and directly and positively impacts the communities we serve,” said Interim Superintendent Misty Her.
