Germantown School District Receives Improved Investment Rating From Moody Investment Services
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
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!
- How to Choose a Trustworthy Plumber
- Children’s Talent Show to Highlight Holy Cross 2015 Block Party!
- SMOKIN' ACES AND CIGARMKE PRESENT THE ROOF IS ON FIRE
- Cornerstone Community Bank to Host FREE Shred Events
- Children's Community Center Celebrates 40 Years of Community Service
- Category X to perform at BuB's Irish Pub!
- Marching Band Madness is Sept. 19 at Germantown High School
- Annual Punt, Pass, & Kick Contest
- Card Skimming: Can it Happen to You?
- BloodCenter of Wisconsin Announces 14th Annual Big League Blood Drive