Monday, December 14, 2020 - 12:06
Cabell County Schools have an “A+” underlying rating from Standard & Poor’s Global Ratings, New York, New York based on the general creditworthiness of the Cabell County school district.
The district is the first in West Virginia in the modern era to receive an underlying rating. By seeking its own underlying rating from S&P, the district was able to enhance the program rating the district is assigned based on participation in the West Virginia Municipal Bond Commission program (“AA-“ based on the State of West Virginia’s long-term S&P rating).
“We are particularly proud of the S&P underlying rating,” said Superintendent Ryan Saxe in a press release. “We believe this rating has made the sale of our school bonds more attractive to a wider field of potential investors. Our school district has received consistent support from our community and Cabell County taxpayers.“
Cabell County Schools Bonds Sale Next Milestone toward New and Updated Facilities huntingtonnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from huntingtonnews.net Daily Mail and Mail on Sunday newspapers.
Friday, December 11, 2020 - 17:58
Cabell County Schools is pleased to announce that, in a special board meeting, the Cabell County Board of Education has approved the sale of $87,500,000 in bonds, the next crucial step toward investing in new and updated school facilities.
The issuance of the bonds was originally approved by Cabell County voters through the school bond election on August 22, 2020. Cabell’s school bond election call is the largest ever approved by West Virginia citizens.
The bonds were offered competitively on December 10, 2020 to investors nationally through Parity, a widely utilized electronic bidding platform. Seven bids were received from the competitive sale on Parity. Robert W. Baird & Co., Inc., Red Bank, NJ was awarded the bonds based on the lowest true interest cost of 1.4425% from all the bids.