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Dayton Daily News education reporter Scott Elliott writes about schools, kids, teaching and learning.
Home > Blogs > Get on the Bus > Archives > 2008 > October > 09
Thursday, October 9, 2008
Firm downgrades city schools’ debt rating
The financial firm Fitch Ratings has downgraded Dayton Public Schools’ debt rating for bonds it issued to finance the school construction program from A to A-.
This means the district does, in fact, maintain a strong rating as a good risk for bond buyers. But Fitch’s analysis of the district’s financial status and the reasons why it sees slightly more risk for investors in DPS bonds is interesting. Fitch cites the district’s budget cuts and levy failure as cause for concern, along with the general declines in Dayton’s overall economy.
It’s always interesting to see what someone else things of you, especially someone without any vested local interest — in this case someone who cares only how good a bet you are for them to invest in. Take a look and share your impressions in the comments.
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