Jul 7, 2022

Moody’s Issues Aa2 Credit Rating for Pickerington Schools

Moody's outlook

In late June, the Pickerington Schools Treasurer’s Office engaged in a review of the district’s financial position and overall review of its creditworthiness.

This review was done in conjunction with Moody’s Investor Services.

Businesses and governmental entities are rated and provided a credit scorecard in much the same way that an individual might be.  While individuals are evaluated by agencies like Equifax, TransUnion and Experian, businesses and governmental entities are evaluated by 3 major investment rating agencies–Moody’s, Standard & Poor’s and Fitch.

Moody’s issued the district credit rating of Aa2, meaning that obligations issued by the district are judged to be of high quality and are subject to very low credit risk.

This ultimately means lower borrowing costs for the district in the form of lower interest rates.

This is a very important factor for the district as it prepares for the November 8, 2022 bond issue.  Lower interest rates will allow the district to issue debt for new facilities at lower borrowing costs, which helps keeps tax rates lower for district residents.

More information is available in Moody’s full credit opinion for the district, including an overall economic outlook for the district and our area.