News

Barrington Unit District 220 keeps lofty credit rating

Posted June 12, 2020 1:00 am

Daily Herald report

Barrington Area Unit District 220 received good news about its financial strength this week.

District 220 officials received word the district has maintained its AAA bond rating status from S&P Global Ratings, making it one of just 85 school systems across the country with the designation.

In addition, District 220 is one of only 22 school systems in Illinois with an AAA bond rating.

As an AAA bond-rated school district, Barrington 220 will receive the lowest competitive interest rates when seeking to borrow money through bond financing.

District 220 has achieved an AAA rating for the past 12 years. Superintendent Brian Harris said the rating "is a direct result of the fiscal responsibility and conservative approach used by staff and the board of education."

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