Release
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Minooka Community High School District 111’s Financial Position Garners Positive Rating from Agency
(Minooka) – Moody’s Investors Service recently informed Minooka Community High School District 111 that the district’s financial rating has been upgraded from “A2” to “A1”. The favorable rating is a key factor in how the district is viewed by the financial community and affects interest rates for bonding issues.
In a report to the district, the agency complimented MCHS District 111 on its fiscal controls, prudent board and management practices, and overall financial position, stating that the district boasts “sound financial operations supported by healthy reserves, despite pressures associated with rapid enrollment growth.”
According to its company web site, www.moodys.com, Moody's Investors Service is among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis. Moody’s commitment and expertise contribute to stable, transparent and integrated financial markets, protecting the integrity of credit.
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