Moody's Aa1 rating proves district's fiscal accountability and creditworthines
03 Apr 2019
New York, April 03, 2019 -- Moody's Investors Service has assigned a Aa1 issuer rating to Mayfield City School District, OH and has affirmed the certificates of participation (COPs) rating at Aa2. The issuer rating represents Moody's assessment of hypothetical debt of the school district supported by a general obligation unlimited (GOULT) pledge, and is used as a reference rating for the COPs ratings. This rating action affects $52.5 million in rated COPs debt.
AA+/Aa1 are ratings issued to long-term bond issuers by Moody's and S&P, respectively. The rating of the issuer designates the creditworthiness of the issuer. AA+/Aa1 is the second highest rating a debt issuer can receive.
Click link below to read the Moody's press release.