ÎçÒ¹Ó°Ôº Receives Strong Bond Rating from Moody’s and Standard & Poor’s
In advance of ÎçҹӰԺ’s $56.5 million General Obligation Bond sale to fund a variety of major projects, national credit rating agencies Moody’s and Standard & Poor’s recently evaluated ÎçҹӰԺ’s financial status. Both agencies assessed ÎçÒ¹Ó°Ôº with their second-highest rating (AA1 by Moody’s and AA+ by S&P) among nine possible levels. Both reports noted various ÎçÒ¹Ó°Ôº strengths, including:
- Strong financial operating performance and healthy financial resources
- Stable financial position and healthy financial reserves
- Modest debt burden
- Sizable, growing tax base
Moving forward, ÎçÒ¹Ó°Ôº will strive to maintain its strong credit rating by continuing to:
- Stabilize and grow enrollment
- Ensure a low to moderate debt burden with rapid repayment of debt
- Continue to prioritize operating balance by prudently managing expenses and diversifying revenues
- Maintain strong financial reserves
The voter-approved 2025 General Obligations Bonds will finance the construction, renovation, and/or equipping of educational facilities, including applied technology programs at the new RioTECH campus; the Film and Digital Media Center at the Rail Yards; the Ted Chavez Trades & Technologies Center on Main Campus; and health and safety improvements at all campuses.