S&P upgrades schools’ bond rating

The Forsyth County School District has announced that Standard & Poor’s has upgraded the district’s bond rating to the highest possible level, AAA.

The action makes Forsyth only the second school district in Georgia and one of 17 in the nation to receive AAA ratings from both Standard & Poor’s and Moody’s, officials said. Moody’s upgraded its rating of the Forsyth schools in 2017.

are very proud that both agencies have recognized our continued efforts to be responsible stewards of taxpayer funds,” said Forsyth schools Superintendent Jeff Bearden. “Having the highest possible credit rating is a benefit for taxpayers with lower interest rates on the sale of our bonds.”

Forsyth is the state’s seventh largest school district and also the only district in Georgia to receive a 5-star Financial Efficiency Rating for three consecutive years from the state Department of Education, officials said. Information: https://bit.ly/2vs1ZE1