Canyons School District has received a AAA bond rating from Fitch Ratings, the highest possible marks to be issued by the global rating agency. In a Feb. 13, 2013 announcement, Fitch upgraded Canyons' bond rating from AA+ to AAA with a stable outlook. The rating and outlook reflect the district's credit quality, solid financial position, continued financial flexibility, good labor relations and manageable capital improvement needs, the agency said in a news release.
The AAA rating matches the AAA rating that Canyons received from Moody's Investors Service last August. The AAA bond rating helps ensure low interest rates for Canyons taxpayers when the District sells bonds to complete projects outlined in the $250 million bond election held in June 2010.