District 90 has received an upgraded and improved bond rating from Moody’s Investor Services. The rating for both the District’s issuer rating and its general obligation limited tax debt (GOLT) has been upgraded from Aa1 to Aaa, the highest possible rating. The revised Aaa rating reflects Moody’s opinion that obligations are “judged to be of the highest quality, with minimal risk.” This most recent upgrade of the District 90’s bond rating is the third upgrade since 2010 and represents the ongoing effort for sound fiscal stewardship.
The strong credit rating is the result of several factors, including the District’s:
- Strong and stable financial position
- Modest debt burden
- Location in River Forest, IL, which is a moderately sized Chicago suburb with an affluent tax base
The upgraded rating also took into account District 90’s contingent liability risk that is associated with reliance on Illinois contributions to the state’s retirement system.
Please click here to read the press release that provides additional details about this recent bond rating upgrade.
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