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Moody’s Investor Service assigned Evanston Township High School District 202’s General Obligation Limited School Bonds with a Aaa rating on Feb. 25. According to the Moody’s report, the Aaa rating for District 202 reflects the district’s sizable tax base that benefits from significant institutional presence, healthy reserves and financial operations, and manageable debt burden. District 202 is among a select group of 68 school districts nationwide rated as Aaa by Moody’s.
ETHS District 202 is the only public entity in Evanston to currently have an Aaa Moody’s Investor Service rating. Obligations such as bonds rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. Ratings are issued each time the District issues bonds and the 2016 rating marks the third consecutive time in eight years that the District has earned the Aaa distinction.
“When we earned the first-ever ETHS District 202 Aaa rating in 2008, I was pleased to see our careful financial planning and management rewarded, saving our taxpayers’ money by having the highest bond rating. Today, having now earned our third consecutive Aaa rating in eight years, I am even more pleased,” said ETHS District 202 Superintendent Eric Witherspoon. “We have navigated the Great Recession and we are now navigating the budget crisis in the State of Illinois. Through all of this, we have applied value-based budgeting principles and exercised keen budget and business practices to maximize our resources and keep ETHS financially strong … and we work hard every day to make that happen for the benefit of our students and the benefit of our taxpayers.”