The bond rating agency Moody's has affirmed the Mequon-Thiensville School District at the highest rating possible, Aaa, making it only one of three of Wisconsin’s 421 districts to hold the top rating. This rating is based, in part, on the general good health of the district’s finances.
MTSD’s credit position is extremely strong, and its Aaa rating far surpasses the median rating of Aa3 for school districts in the United States.
“The continuation of our Aaa bond rating speaks directly to the strength of our community, and the fiscal responsibility ingrained in our daily operations,” said Sarah Viera, executive director of business services. “This rating gives the district access to historically low interest rates, allowing more resources to be allocated to our facility projects, directly benefiting the students of the Mequon-Thiensville School District.”
Moody’s noted the following strengths in its ratings rationale for MTSD: (1) strong management team with multi-year budget forecasting plans, (2) the district’s commitment to retaining current fund balance levels, (3) demonstrated ability to outperform budgeted projections, (4) moderate debt and pension burden, and (5) a strong local tax base.
"The MTSD Board of Education ensures fiscal stability and appropriate resources for programming and facilities while prioritizing our financial security," said superintendent of schools Matthew Joynt, Ph.D. "This exemplary credit rating is an accomplishment that should make the entire community proud."
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis, covering more than 130 countries.
For more information, visit the Moody’s website.