Bruce Barnett
Bruce Barnett
allowed base debt despite factors finances healthy included investors manageable maximum operating operations rate rating recently service several tax underlying upgrade
Moody's Investors Service recently upgraded the underlying rating from A3 to A2 on the District's outstanding debt - without the PSF guarantee. Factors contributing to the upgrade included healthy tax base growth, well-managed finances despite operating at the maximum allowed tax rate for maintenance and operations for several years, and manageable debt ratios.