Parkway School District Maintains AAA Credit Rating

After reviewing the district’s finances, Standard and Poor's has given the 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.