Round Rock ISD maintained its AAA rating from Moody’s Investor Service, following the latest bond rating review in 2021. This is the eleventh consecutive year the District has maintained a AAA bond rating from the organization.
The AAA rating reflects the District’s vibrant local economy and tax base, which continues to grow rapidly, well-managed financial operations, substantial financial reserves, resident wealth and income profile, and a growing enrollment base, according to Moody’s. The rating also incorporates the District’s low pension burden and above-average debt profile that remains manageable and reflects the District’s ongoing rapid growth.
“We are excited and honored to receive another AAA rating as it represents the collective work of our team to ensure our District remains in an optimal financial position while remaining committed to our students and staff and responsible to our taxpayers,” Dr. Kenneth Adix, Chief Financial Officer said. “Our Board of Trustees also plays a crucial role in our success through their guidance, and we will continue to remain dedicated to maintaining our strong financial standing and tradition of responsible financial stewardship.”
The direct benefit of the AAA bond rating is the lowering of the interest rate obtained when bonds are sold in the market. A lower interest rate reduces interest payments and provides relief to taxpayers by reducing the overall debt burden.
Round Rock ISD has achieved a AAA rating from both Moody’s and Fitch since 2015. To keep bond costs down, the District only applied for a rating from Moody’s for the upcoming refinancing of an existing bond.
