Jordan School District is one of six governmental agencies in the State of Utah to receive a Triple A Credit Rating from two rating agencies. Both Moody’s and Fitch recently affirmed the District’s AAA rating which is the highest credit rating available for a government entity.
Credit ratings represent the credit worthiness of an entity and are used by investment professionals to assess the likelihood a debt can be repaid. A Triple A rating means the District can borrow money at the lowest rates. When it comes to bond sales, this is important because it saves taxpayers money. The rating is also an indicator of an organization’s skill and experience with regard to financial operations including budgeting, forecasting and cash management.
- The six entities in Utah with a Triple A rating from two rating agencies include:
- Jordan School District
- State of Utah
- Salt Lake County
- Salt Lake City
- Canyons School District
- Salt Lake City School District