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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.

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