Standard and Poors gives Rhinelander School District high rating
Standard and Poor’s Rating Services, an American financial services company and a division of McGraw Hill Financial, publishers of financial research and analysis, has affirmed an ‘AA’ long-term rating on the School District of Rhinelander’s existing general obligation refunding bonds and general obligation promissory notes, with a stable outlook for the future.
The ‘AA’ rating shows that the District has a very strong capacity to meet its financial commitments.
Standard & Poor’s reported that the District’s overall financial position has remained very strong for the past few years, despite fiscal difficulties and declining enrollment. In Standard & Poor’s opinion, the future of the District’s financial status is stable and it feels the District will take the necessary steps to maintain very strong finances, despite declining enrollment.
Standard and Poor’s does not anticipate changing the ‘AA’ rating in the two-year outlook period, but may consider a higher rating if incomes within the District show marked improvement or the District strengthens its financial management policies and practices even more than it already has.
The complete Standard and Poor’s report summary can be found on the School District of Rhinelander website.