Bond Rating :::
LTHS maintains superb bond rating
For the second consecutive year, Lyons Township High School has maintained a bond rating of AA+ awarded by Standard & Poor’s, signifying a sound financial foundation and the stability and future prospects of its business operations.
Superintendent Dennis Kelly says, “LT’s high rating is on par with the district’s ability to maintain quality programs and services for students.”
Standard & Poor’s offers the following among reasons for the bond rating: excellent financial operations, healthy reserves, manageable debt burden and prompt repayment of debt.
The districts continued commitment to fiscal accountability has resulted in consecutive years of balanced budgets with an excellent financial profile.
Standard & Poor’s also reports that it expects the district’s prudent management to maintain stable operations going forward.
Bond ratings were specifically developed to help investors understand the relative risk involved with the purchase of various bonds. Except for federally issued bonds, all bonds carry a potential risk of default. Bond ratings enable the investor to evaluate and balance the risk of default with the interest payments paid on the bond.
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