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Moody's Investors Service Assigns Aaa Rating to WCASD
Moody's Investors Service has once again assigned a Aaa rating to the West Chester Area School District’s $9.995 million General Obligation Bonds (Series 2018). These bonds will be used to continue the expansions and renovations planned for the District’s elementary schools.
According to Moody’s, the District’s solid financial position will persist in the near term due to conservative budgeting and a sizeable tax base that continues to grow.
The rating, which is based on the district's history of conservative budget management and strong fiscal controls, allows the District to minimize interest rates on its debt.
“The fact that the District is repeatedly awarded Aaa bond rating by Moody’s is a testament to the excellent budget practices of our Business Office. We are very fortunate that the Business Office is so conscientious of these practices,” said Dr. Jim Scanlon, Superintendent of the West Chester Area School District.
In addition to the West Chester Area School District, only six other school districts within Pennsylvania were assigned a Aaa bond rating. To read more about the WCASD’s Aaa rating, click here.
For more information, please contact Ms. Jennifer Neill, Digital Communications Coordinator, at: 484-266-1170 or jneill@wcasd.net