Moody’s Investors Service, an independent source of credit risk evaluation, has published their Annual Issuer Comment Report for Morgan Hill Unified School District (MHUSD). MHUSD is located in Santa Clara County in Northern California. The district currently has slightly under 8500 students across its 14 schools. The largest employer in the city of Morgan Hill, MHUSD employs approximately 800 people and has an extremely healthy economy.
MHUSD possesses an Aa1 credit rating, which is above the median rating of Aa3 for school districts nationwide. The district’s financial position is very strong, in line with its Aa1 rating, which reflects sound management practices and financial strength. Factors such as a large tax base, a strong wealth and income profile, and a small debt burden compared to the US median, all contribute to the district’s solid credit position.
“We are extremely proud that we continue to uphold our strong financial position,” says Superintendent Steve Betando. “We have adhered to our commitment to our taxpayers to provide a high-quality education for all students, while remaining both fiscally sensible and responsible.”