The Belvidere School District will keep its Aa3 bond rating, placing the district near the top in credit worthiness.
According to Moody’s Investor Service, the Aa3 rating reflects a very healthy financial position and a healthy socioeconomic profile and tax base.
As an example of Belvidere’s strong fiscal management, Moody's cited the ability to generate positive operating margins that demonstrate strong financial management. The report also cites the district’s strong economy and tax base.
Despite Illinois school districts facing uncertainty stemming from state financial challenges, District 100’s ability to generate positive operating margins demonstrates strong financial management.
“This report confirms our commitment to provide the best quality education to all students,” said Superintendent Dr. Daniel Woestman. "We want to ensure we are giving the best to our community, and hope the community continues to be proud of the schools they send their children to."
To read the full Moody’s Investor Service report, click here.