Valley View School District Receives Upgraded Bond Rating

BOLINGBROOK, IL — Moody’s Investors Service has upgraded Valley View Community Unit School District 365U’s bond rating from Aa2 to Aa1, according to a release from the school district.

“Even with the challenges of current adverse economic conditions, VVSD was able to increase its bond rating to Aa1, putting the District one notch away from the highest possible rating of Aaa,” said VVSD Board of Education President Steve Quigley. “This is important to all our community stakeholders because having a higher bond rating means paying lower interest, which in turn allows the District to put more dollars into our classrooms for the benefit of our learners.”

The District said that less than 100 school districts of the 3,300+ K-12 school districts that Moody's rates, have a better rating than VVSD.

"The upgrade of the issuer rating to Aa1 reflects VVSD’s strengthening reserves supported by well-managed financial operations along with growing revenue," the District said in a release. The District added that its long-term liabilities and adjusted fixed costs are expected to decline considerably with the maturity of outstanding capital appreciation bonds over the next several years.

“The upgrade in VVSD bond rating by Moody’s also reaffirms from an independent source that the District is managing its finances well and serving as good stewards of financial resources provided by taxpayers,” VVSD Asst. Superintendent for Administrative Services John Reiniche said.