Moody’s Investors Service Affirms Plano ISD’s Strong Bond and GOULT Ratings

Moody’s Investors Service has affirmed its highest underlying bond rating of Aaa and general obligation unlimited tax (GOULT) ratings to Plano ISD’s proposed $49.9 million Unlimited Tax school building bonds.

Moody’s analyst cited the district’s operation within a strong local economy supported by a top location in the Dallas metropolitan area. The Aaa enhanced rating is based on the rating of the Texas Permanent School Fund (PSF) and the stable outlook reflects strong budgetary practices. Moody’s analysts cited Plano ISD for the district’s “conservative budget management and the ability to maintain financial health.”

Plano ISD is one of only four Texas school districts that carry the highest possible bond ratings from Moody’s. As a result, this decreases issuance costs, ultimately resulting in additional cost savings by allowing Plano ISD to achieve low interest rates on the debt.

“This rating is determined by a school district’s financial stability and outlook,” said Plano ISD Deputy Superintendent for Business and Employee Services, Johnny Hill. “Our district works hard to remain responsible financial stewards of our taxpayers' money, and we are honored to earn the highest rating.”