Nashoba Tech's High Bond Rating Will Save District $410,000 Over Next 10 Years

The Nashoba Valley Technical High School District received two pieces of good fiscal news recently.

Not only has the district maintained the second-highest bond rating from Moody's Investors Service, an Aa1 rating, but it also learned that a competitive bidding process on a 10-year refunding bond issue

will generate a savings of $410,525 for the district over the remaining life of the refunded bonds.

The bottom line is that Nashoba Tech is seen as being a fiscally

well-run school district.

Jeanne Savoie, Nashoba Tech's business manager, said the high bond rating puts the district "in a more favorable position if we need to borrow money."

Moody's listed as Nashoba Tech's strengths its strong financial

performance, resulting in an above-average General Fund reserve position, and the district's low debt burden.

The rating puts Nashoba Tech in the Prime-1 category for short-term ratings, meaning its has the "best ability to repay short-term debt."

Dr. Klimkiewicz said.

Nashoba Tech was first assigned the bond rating of Aa1 last year, and it was affirmed this past August.

According to Klimkiewicz, Nashoba Tech's bond rating is higher than the rating of any school department in its eight-town district- Ayer, Chelmsford, Groton, Littleton, Pepperell, Shirley,