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Wayzata Public Schools Maintains “Aaa” Bond Rating
Wayzata Public Schools recently had its “Aaa” bond rating confirmed by Moody’s Investors Service in New York. Moody’s shared the following strengths as reasons for the positive rating:
- Large, diverse and affluent tax base favorably located in the Twin Cities metro area
- Strong and sophisticated management team
- Consistent levy history for voter-approved operating levies, and
- Positive enrollment trends.
Wayzata first received a “Aaa” bond rating in September 2008 as evidence of the district’s strong financial health. According to Westrum, there are many advantages associated with having a “Aaa” bond rating, including access to lower interest rates and borrowing costs, and greater stability to deal with the unpredictability of school funding from the State.