Hallsville ISD’s financial outlook upgraded to ‘stable’

Hallsville ISD’s financial outlook upgraded to ‘stable’
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Friday, March 23, 2012 - 7:23am

Hallsville ISD’s financial rating has been upgraded and its outlook listed “stable” by a credit rating service, district officials said this week.

The rating affirmation reflects the district’s improved financial reserve position after a period of financial distress, district officials said.

This past summer, Moody’s, a credit rating agency, lowered Hallsville ISD’s rating to A1 from A3. The rating affected about $91.7 million in debt secured by an ad valorem tax levied on all taxable property in the district, according to a report Moody’s provided to the district in July. 

 

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