Moody’s Investors Service assigned its Aaa underlying rating and Standard & Poor’s assigned its underlying AA-plus rating to Richardson ISD’s upcoming sale of $25 million of school building bonds. Both ratings agencies said the outlook on RISD’s debt remains stable.
Moody’s analysts cited RISD’s “sound financial operations” and “conservative expenditure management” as rationale in assigning the top rating. The underlying triple-A rating also reflects the school district’s strong and stable local economy supported by a favorable location within the greater Dallas metropolitan area.
Richardson ISD is one of a handful of Texas school districts that maintain the highest available bond ratings. This lowers the costs of issuance and results in further cost savings as the strong ratings enable RISD to achieve low interest rates on the debt.
