Press: When Aa2 Equals A+

Hazel Bauman got a report card. She earned a very distinctive A. So did her chief financial officer, Wendell Wardell. In fact, the report card praises Coeur d’Alene School District leadership, including previous school board members, going back to 2007. The Press last week formally requested the public records the district received from Moody’s Investors Service for the district’s sale of general obligation bonds. Those bonds will be sold to pay for the capital improvements approved by voters in August. Hazel, Wendell and those responsible for the district’s finances the past five years earned the second highest possible rating from Moody’s: an underlying rating of Aa2. Only one district in the state, Boise School District, has earned a higher rating (Aa1), and only Meridian matches Coeur d’Alene. Everybody else is rated lower — some districts significantly lower/ Coeur d’Alene Press Editorial Board . More here.

Thoughts?