Wow: According to the Orlando Sentinel education blog, Moody’s has just issued a warning on Governor Rick Scott’s budget proposal, saying that if the state budget cuts as deeply into education as proposed by the governor, ratings for individual school districts would drop. That’s an interesting twist on state-local relationships. I have no clue how to read this, but it certainly makes the politics of budgeting more complicated.
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I didn’t know that Moody’s rated the credit-worthiness of the school districts in FL.
What about colleges and universities, do they have credit-ratings as well? And the FL PECO fund? Are these ratings only available to investors that pay for them, or can anyone access them?
Colleges and universities also have credit ratings. The PECO fund (capital construction account, for those who don’t know the acronym) pays for construction on a cash basis, so it’s not really connected. But PECO won’t pay for dorm rooms, athletic facilities, health-related clinical facilities, etc., and that’s where credit ratings matter for USF and other colleges/universities.