FAIRFIELD, CA - Fairfield-Suisun Unified School District (FSUSD) is pleased to announce Fitch Ratings has affirmed the district's General Obligation (GO) Bonds at the highest rating of 'AAA', with a Stable Outlook.
The GO Bond credit rating assigned by Fitch Ratings serves as a measure of the safety and security of the school district's bonds for potential investors. Similar to personal credit scores, the GO Bond credit rating system provides a range of ratings that help investors gauge the level of risk associated with an investment. The 'AAA' rating is the highest attainable rating and signifies an exceptional level of creditworthiness.
"The affirmation by Fitch of our 'AAA' rating reflects FSUSDās strong financial management and responsible practices,ā said Laneia Grindle, Assistant Superintendent of Business Services at FSUSD. "This rating enables the district to secure the necessary funding at favorable interest rates, allowing us to invest in the future of our students and provide them with the resources they need to succeed.ā
In addition to the 'AAA' rating for our bonds, Fitch Ratings has also assigned the Fairfield-Suisun Unified School District a default rating of 'AA-', which is considered "high grade." A default rating measures the district's ability to meet its financial obligations and manage its debt responsibly. The 'AA-' further reinforces the districtās commitment to maintaining a solid financial position.
FSUSD is proud to receive the 'AAA' rating from Fitch Ratings, signifying the highest level of safety and reliability for potential investors. This recognition demonstrates our district's commitment to fiscal responsibility and prudent financial management. With this rating, FSUSD can secure favorable interest rates to invest in the future of our students and ensure they receive an exceptional education in a secure environment.