Moody's upgrades

New York, April 20, 2021 -- Moody's Investors Service has assigned an A1 issuer rating to Gonzales Unified School District, CA. The issuer rating reflects the district's ability to repay debt. Concurrently, Moody's has upgraded Gonzales Unified School District School Facilities Improvement District No. 1, CA's general obligation unlimited tax (GOULT) rating to Aa3 from A1.   This means that the district will be able to issue current and future bonds at a lower interest rate, saving taxpayers and community members a significant amount of money.   Moody’s gives the following explanation for their decision: “The A1 issuer rating reflects the district's healthy financial position, supported by conservative management and a strong minimum fund balance policy.”

For the full story click HERE.