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Parkway earns ‘AAA’ rating from Standard & Poors

AAA Rated Standard & Poors 4/2/2019 -- S&P Global Rating Services recently reviewed Parkway’s finances and reaffirmed the district’s “AAA” long-term rating, the highest available for school districts.

 

Parkway is one of only four school districts in Missouri to have the “AAA” rating. The ranking is based on strong financial performance and management, good financial practices and maintaining low debt levels.

 

In its report, S&P cited several complimentary highlights of Parkway’s financial outlook. 

  • Access to and participation in the broad and diverse St. Louis metropolitan statistical area;
  • Very strong income and extremely strong market value per capita;
  • Positive budgetary performance and very strong reserves;
  • Good financial policies and practices under financial management assessment methodology; and
  • Low-to-moderate debt levels, including low overall net debt as a percentage of market value. 

Click here to read the full report from S&P Global Rating Services.

 

About S&P Global Rating Services

S&P Global Ratings and its predecessor organizations have been in business for more than 150 years. They are the world’s leading provider of credit ratings. S&P has more than one million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. The ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence.