Lyons Township High School recently received word that it has maintained its AAA bond rating by Standard & Poor’s. LTHS is one of only 71 districts in the country and only 24 in Illinois with a Triple A bond rating.
“LT stands alongside some of the most well-run and well-managed school districts in the nation. Our rating is a testament to the district’s hard work and dedication of many, especially the Board of Education and their constant vigilance,” said District 204 Superintendent Dr. Timothy Kilrea. “LT is in a very select class of school districts in the nation to receive a AAA rating from Standard & Poor’s.”
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The district was able to maintain its rating due to the school’s excellent financial operations, healthy reserves, manageable debt burden and prompt repayment of debt. The school’s strong financial projections also played a part in the high ranking.
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“This rating will benefit LT’s financial capacity now and into the future,” said District 204 Board President Mark Pera. “The rating allows us to get the lowest competitive interest rates for bond financing, saving taxpayers hundreds of thousands of dollars.”
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.
