District 90 has received an upgraded and improved bond rating from Moody’s Investor Services. The rating for the District’s general obligation limited tax debt (GOLT) has been upgraded from Aa2 to Aa1. The revised Aa1 rating reflects Moody’s opinion that obligations are “of high quality and subject to very low credit risk.”
The strong credit rating is the result of several factors including the District’s:
- Strong financial operations and reserves that are based on robust fund balances and liquidity with little exposure to Illinois’ pension funding challenges
- Limited debt and pension burdens with no plans for future debt obligations
- Forward looking financial planning combined with a moderate institutional framework
- Location in River Forest, IL, which is an affluent Chicago-area suburb with a tax base that is recovering from the 2008-09 economic downturn
Please click here to read the press release that provides additional details about the recent bond rating upgrade.