Moody's affirms Aa1 credit rating for Glenbard District 87

Glenbard District 87 has once again earned the second highest credit rating possible (Aa1) from Moody's Investors Service. In awarding the rating, Moody's cited Glenbard's strong financial profile and a manageable debt burden.

Glenbard is proud of its financial health and stability. Glenbard continually achieves all of its major financial objectives, including:

• Balanced budget in operating funds;

• Strong cash position. No short-term borrowing required to meet obligations;

• Solvency position realized in 2016-17 - 185 days cash on hand was achieved. This exceeds the 180 days target established by the Illinois State Board of Education. Glenbard is on track to achieve solvency position again this year.

• Achieved Financial Recognition status from the Illinois State Board of Education in 2016-17. This is the 11th consecutive year that Glenbard has earned the state's highest level of recognition.