Moody’s Assigns Strong Aa2 Rating to Springfield-Clark CTC Bonds

Springfield-Clark Career Technology Center (CTC) has received a strong Aa2 rating from Moody’s Ratings for its financial stability and strong enrollment growth. Moody’s also assigned an Aa1 enhanced rating to CTC’s $59 million Vocational School Facilities Bonds, Series 2025, which will help fund the construction of a new main campus and refinance previous project financing.

 

The Aa2 rating reflects CTC’s increasing enrollment, financial strength, and the ability to manage expenses effectively. The school maintains a healthy financial position, with a fund balance equaling 81% of revenue in 2023 and a projected $1 million surplus for 2024. 

 

Read more at Moodys.com (registration may be required) or view the press release.