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Moody’s Investors Service, a global financial leader that helps guide investment decisions, has assigned its “Aaa” rating to ETHS District 202. Specifically, Moody’s assigned the rating to ETHS’s $3.8 million General Obligation Limited School Bonds, Series 2012. Obligations rated Aaa are judged to be of the highest quality, with minimal credit risk.
The Aaa rating reflects the district’s affluent suburban base located north of the city of Chicago; stable financial operations evidenced by satisfactory reserves and prudent management policies; and an above-average debt burden expected to remain manageable over the near term. Moody’s cites several strengths in the rating rationale, including:
• Mature tax base that benefits from institutional presence of Northwestern University
• Healthy financial position that has improved year over year
• Strong management team with community support
“In these challenging economic times we take our stewardship of the public’s money very seriously,” said William Stafford, Chief Financial Officer for District 202. “Our Board of Education, in concert with the administration, has worked to balance budgets while still providing a world class education for the children of Evanston and Skokie. We are gratified that the markets are affirming the work we are doing.”