independent credit rating agency, Moody's Investors Service, has upgraded
Georgetown Independent School District’s debt rating from Aa2 to Aa1.
assigned a Aa1 underlying and Aaa enhanced ratings to the district's $35
million Unlimited Tax School Building Bonds, Series 2017 which was authorized
by voters in the November 2015 bond election.
upgraded rating to Aa1 is based on:
and ongoing growth in district's large tax base,
average wealth indicators, and
financial position underpinned by strong financial management
rating also incorporates the district's elevated debt burden with slow
principal amortization. The Aaa enhanced rating is based on the rating of the
Texas Permanent School Fund (PSF) and the structure and legal protections of
the transaction which provide for timely payment by the PSF if necessary. To
view the final report, click here.