Moody's rates District Bond Aaa

Moody's rates District Bond Aaa
stable future graphicMVWSD's general obligation bonds were recently rated as Aaa from Moody's, which is significantly positive during this time of COVID-19-caused economic uncertainty. The District recently called $85 million in Measure T bonds approved by voters in March. These funds will be used to start solar projects at the schools and repay debt from previous construction. Both actions will save MVWSD millions of dollars.

"Mountain View Whisman School District, CA is not susceptible to immediate material credit risks related to coronavirus," Moody's stated in its report.

Moody's cited MVWSD's strong credit profile with continued tax base growth, strong financial position, and manageable long-term liabilities. MVWSD has a Aa+ credit rating from Standard & Poor's as a result of its strong community support of its schools. Standard & Poor's cited the approval of the parcel tax/Measure B, and MVWSD's position as a community funded district as factors for the high rating.
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