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BHUSD AA1 Credit Rating Confirmed For Second Year

The Beverly Hills Unified School District’s AA1 credit rating was affirmed by both Moody’s and Standard and Poors last week. The BHUSD received the highest rating possible for a second year in a row.

“I am very pleased that the ratings agencies continue to recognize the work we have done to get and now maintain our positive rating,” Board President Brian Goldberg said. “This is a real acknowledgement of the success our team has had, administrations, finance committee and Board of Education, working together on getting our financial house in order but we cannot rest on our laurels and will need to redouble our efforts to continue this trend.”

The BHUSD’s high credit rating helped the district to refinance the Measure K and Measure E bonds, resulting in an approximate $2.5 million savings for the taxpayers. The board will be officially voting on the 2002 Go Bond refinancing proposal tonight during its meeting beginning at 7 p.m.

Copyright © 2012 Beverly Hills Courier

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