Germantown School District Receives Improved Investment Rating From Moody Investment Services

Dec. 23, 2010

The Germantown School District and Director of Business and Auxiliary Operation, Mr. Richard Ericksen, are pleased to announce that the school district has received an upgraded financial investment rating from Moody Investment Services. The change in status means that the outstanding general obligation debt rating improved from an Aa3 to an Aa2. This change in status is based on the strength of the district’s financial management practices and financial condition. This rating places the district in “high grade-high quality” status and is only two factors away from “prime”, or the highest rating. In addition, this particular change in status means the district has been given a MIG 1 rating. The MIG 1

rating is the best rating available and is considered to be “best quality investment grade for short term anticipation notes”.


Mr. Ericksen, in his report to the Board of Education, reported that this was a result of his discussions with Moody’s Services on December 8, 2010. In his interview with Moody Investment Services, Mr. Ericksen stated “in addition to highlighting our financial strengths, I directed as much attention as possible onto topics including, but not limited to, capital investments in energy and safety, recent board initiatives, consistency of annual

meetings, updating business office and banking systems in line with modern business and technology trends, implementation of tighter cash management and internal controls, and academic success. I spent time describing the importance of our school board and the management leadership accomplishments.”


The improvement from Aa3 to Aa2 will have long term favorable consequences and will likely save the school district hundreds of thousands of dollars in its dept structure.


The Village and Town of Germantown, and the Village of Richfield, Town of Polk, and Town

of Jackson are served by the dedicated Germantown School District. Students receive

excellent educational opportunities through the district’s six schools which include: Amy

Belle, County Line, MacArthur and Rockfield Elementary Schools, Kennedy Middle School

and Germantown High School. The district’s regular curriculum, led by a treasury of

knowledgeable faculty and staff, is complemented by an array of specialized programs and

co-curricular activities.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Getting to know Dennis Farrell 11/24

» Scion Dental awarded the management of 650,000 through Maryland Healthy Smiles program 11/24

» Germantown girls basketball team will build around Schmitz 11/24

» Menomonee Falls girls basketball team getting more experience every day 11/23

» Transit service may drop bus loop to Germantown Industrial Park 11/23

» Momentum Early Learning to open by year-end in Germantown 11/22

» Shady Lane Elementary offers students buddy bench on playground 11/22

» Three seats on Germantown School Board up for election in April 11/22

» Kohl's, Bartolotta team up to service Menomonee Falls corporate campus 11/22

» Alto-Shaam granted Patriot Award for support of employee in the National Guard 11/20

» Germantown High School students earn $100,000 grant for teen driving safety efforts 11/20

» Updated state championship game rankings of area prep football teams and players 11/19

» Social Haus proposal for Menomonee Falls moves forward with extended indoor, limited outdoor hours 11/17

» Taxpayers in Germantown to see taxes creep up for '16 11/17

» Germantown officials approve zoning code changes prompted by controversial development proposal 11/17

» Germantown football team competitive in rebuilding year 11/17

» Germantown's Siebenaller states her case, sets more swimming records 11/17

» Germantown volleyball season ends in state quarterfinals 11/16

» Tender Reflections breaks ground on assisted living community in Germantown 11/16

» Menomonee Falls Food Pantry needs donations now more than ever 11/16

» Germantown taxes could go up slightly in '16 11/16

» Menomonee Falls taxpayers to see flat rate in '16 11/16

» Brookfield East rallies to beat Germantown, 3-2, in state volleyball quarterfinals 11/13

» Road work on Pilgrim Road in Menomonee Falls nears completion 11/12

» Plans for Performing Arts Pavilion in Germantown earn stamp of approval 11/11

View All Posts Got a tip? Welcome rss



Local Business Directory