Parkway School District Maintains AAA Credit Rating
Parkway is one of only four school districts in Missouri to receive Standard and Poor’s AAA rating.
After reviewing the district’s finances, Standard and Poor's has given the Parkway School District a AAA bond rating, the highest rating for school districts, according to a press release.
The rating allows Parkway to receive lower interest rates in bonds. According to the release, however, Standard and Poor had a word of caution for Parkway.
“Continued draws on the general fund balance that would cause a weakened financial position could present a downward rating pressure,” stated the release.
S&P’s rating takes into account several criteria, including:
- Participation in the St. Louis regional economy;
- Very strong income and extremely strong market value per capita levels;
- Strong financial position, supported with strong reserves and levy flexibility;
- Low debt levels.
“Their outlook for Parkway’s financial future is generally stable,” stated the release.