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Home > Our District > Reports & Updates
The Orange School District achieved a rating of AAA from Standard & Poor's and a rating of Aaa from Moody's Investors Service, nationally recognized financial rating services. Both ratings are the best given by these services. Orange is the only school district in Ohio to ever achieve the highest rating from Standard & Poor's. These ratings will allow the District to secure better interest rates on all credits and investments. The rating was achieved based on several factors. These factors include the District's ability to establish a minimum cash balance at three months expenditures, the passage of the November 2004 operating levy and a demonstration of ongoing community support for the maintenance of its financial position. The importance of these factors is even more critical because of the limitations on property tax revenue growth in Ohio due to HB 920. Standard & Poor's is well known as one of the world's preeminent providers of credit ratings, and for such globally recognized financial-market indices as the S&P 500®. |
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