Q: What is the significance of Canyons School District maintaining its “AAA” bond rating?

Both of the rating agencies that rate CSD — Fitch and Moody’s — have seen fit to award the District their highest “AAA” rating. A signal of confidence to bond investors, the “AAA” designation reflects Canyons’ “solid financial operations...and low debt burden,” stated Fitch in a press announcement.
Credit ratings have a bearing on a District’s ability to affordably bond to pay for upgrades to school buildings. A high rating is like having perfect credit, which translates to low interest rates and millions in savings to taxpayers.
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