Moody’s reaffirms district’s bond rating | School brief
Moody’s Investors Service reaffirmed the Mukilteo School District’s bond rating of Aa2 in anticipation of a sale of $59.1 million in bonds.
The bond sale, which took place last week, completed funding that was authorized by voters in February 2014 when they enabled the school district to borrow a total of $119.15 million through the municipal bond market to finance construction projects, such as the new Lake Stickney Elementary School and the early-learning kindergarten center now being built on the campus of Fairmount Elementary.
According to Moody’s, the Aa2 rating reflects the school district’s sizeable tax base that has experienced four years of growth, as well as the district’s strong financial management and planning.
Moody's assigns bond credit ratings of Aaa, Aa, A, Baa, Ba, B, Caa, Ca and C, with WR and NR as withdrawn and not rated.
In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. It is not the same as an individual's credit score.