Concord-Carlisle Bond Rating Affirmed by Moody's

CONCORD, MA—The Concord-Carlisle School District’s long and healthy financial history was reaffirmed once again.

Moody’s Investors Service reaffirmed the district’s Aaa (triple-A) bond rating in light of the district’s most recent bond sale to go towards payments for the new Concord-Carlisle high school. Aaa is the highest credit rating that Moody’s gives.

“The Aaa rating incorporates the district’s sizeable and affluent tax base, member towns that have shown strong support for the district’s operating and capital needs, a stable financial position, and manageable debt profile,” according to the Moody’s report.

Moody’s cited the district’s above average wealth levels, history of stable financial operations and manageable debt burden with minimal capital needs among its credit strengths.

The report listed the district’s narrow, unassigned fund balance as the only credit challenge. Factors that could lead to a downgrade include multi-year trend of operating deficits, substantial decline in the town’s tax base or a significant increase in the town’s debt burden.