Muncie Community School’s Bond Rating Explained
By: Ana Pichardo— There have been several questions raised regarding the financial stability of the Muncie Community Schools and the creditworthiness of the corporation. One of the best ways to compare the relative fiscal health of an organization is the bond rating. In October, 2015, Dr. Baule shared the bond rating of MCS as determined by the Standard & Poor’s Rating Services. MCS’s underlying rating (based upon its fiscal situation) is BBB+. A second ranking for MCS based upon the…
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