Sacramento City School District Bond Rating Drops Amid Budget Crisis

The Sacramento City Unified School District is grappling with a significant budget shortfall — and its bond rating also hit a low point this week.

Rating agency Standard and Poor’s dropped the district’s general obligation bond rating to “BBB,” which the district wrote in a statement is “the lowest investment bond rating.” The bottoming-out of the district’s rating means that lenders will view SCUSD as riskier.

View Article