Schools Lean on Reserves as Financial Pressure Grows

Credit Ratings & Fiscal Pressure - S&P Global Ratings' negative rating actions on school districts have increased by 40% from 2024 to 2025 [1] - Fiscal pressures are impacting school districts and their credit ratings [1] - Increased negative rating actions make it more expensive for schools to borrow [1] Bond Market Impact - Investors generally view school district bonds favorably due to their perceived strength and potential for property tax levies [2] - High issuance rates provide investors with numerous options in the school district bond market [2]