D150 gets A+ bond rating from S&P

School board members received this happy news in their inbox recently:

Mr. Hinton wanted to let you know that he just found out that once more, we were able to get an A+ rating from Standard and Poors for our bond rating. This is GREAT news!

Debbie Sullivan CPS
Superintendent’s Office
Peoria Public Schools

According to Wikipedia, Standard and Poor’s A+ rating is considered “upper medium grade” and described as a “safe investment, unless unforeseen events should occur in the economy at large or in that particular field of business.”

4 thoughts on “D150 gets A+ bond rating from S&P”

  1. yeah, if i recall, all those sub-prime mortgages were securitized and bundled with other products, given inflated grades (eg, many of the now defunct mortgage backed securities had AAA ratings) and sold. so i have little confidence in the rating system.
    “Investors bought bundles of mortgages which were so complex that nobody could put a price on them. Investors relied on ratings agencies to AAA-rate them. But the investment banks paid the ratings agencies that gave the highest rating.”

    http://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Inaccurate_credit_ratings

    http://www.bloggingstocks.com/2007/12/10/sizing-subprime-securitizations-first-financial-crisis/

  2. after watching the dude from S&P and comments on AIG I wonder about them? After all they are a business out to make a profit also and give the illusion of being holier than thou!!
    Anal-lyst get their info how?? { I know ,do you?}
    This proves someone does not know what they are talking about!!

  3. An A+ from S and P is not unlike an A+ from District 150… certainly not the best one can do and certainly not what it appears.

    An A+ in both these cases is really about average… a C.

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