Coppell ISD announced that both the Standard and Poor’s (S&P) and Fitch credit rating agencies have reaffirmed the District’s AA+ credit rating.
Fitch assigned the district a bond rating of “AA+ with a Stable Outlook.”
Standard & Poor’s reaffirmed that CISD has a rating of AA+, which means that the district’s financial outlook is strong and stable.
“Both credit rating agencies noted the district’s sound financial management practices, moderate debt, and the robust economic activity and growth in the region as key drivers to maintaining the AA+ ratings,” said CISD Chief Financial Officer Kelly Penny.
CISD also is rated Aa1 by Moody’s, the third of the nation’s three credit rating agencies. This rating also indicates that the district’s finances and ability to pay its debts are strong and stable.
For additional CISD financial data, visit https://www.coppellisd.com/Page/12541.