News Release: Midland ISD Maintains Highest Rating from Moody’s and S&P Global Ratings

Midland ISD Maintains Highest Rating from Moody’s and S&P Global Ratings
District’s ratings reflect continued financial strength and responsible stewardship

August 27, 2026 – Midland ISD continues to demonstrate strong financial health, maintaining high credit ratings from both Moody’s and S&P Global Ratings following recent reviews of the district’s finances, management practices, and debt obligations.

Moody’s maintained Midland ISD’s Aaa issuer and underlying general obligation ratings, the highest rating available from the agency. Only six other Texas school districts currently hold an Aaa rating.

S&P Global Ratings also maintained Midland ISD’s AA rating with a stable outlook, the highest rating available from the agency.

Credit ratings provide a forward-looking assessment of the credit risk associated with an organization’s debt obligations and are used by investors when making investment decisions. For Midland ISD, maintaining strong ratings is especially important as the district prepares for its next bond sale and refunding in September 2026. Strong credit ratings can result in more favorable borrowing terms, ultimately reducing financing costs for Midland taxpayers.

“This is a significant accomplishment for Midland ISD and a reflection of the intentional financial management that has taken place over the last several years,” said Tucker Durham, Midland ISD Chief Financial Officer. “We have remained focused on strengthening the district’s financial position, aggressively paying down debt, and making responsible long-term decisions. These ratings demonstrate that those efforts are working and help us maximize every taxpayer dollar as we continue investing in our schools.”

In its review, Moody’s specifically cited Midland ISD’s prudent financial and debt management practices, history of strong financial metrics, affordable debt profile, and conservative financial management. The agency also noted that strong management practices are expected to continue supporting the district’s credit profile despite challenges such as stagnant state funding and rising costs.

The agency maintained a stable outlook for Midland ISD, citing expectations that district leadership will continue navigating a challenging financial environment while maintaining strong operating performance and reserves. Moody’s also noted that the district’s debt leverage is expected to decline in the coming years as Midland ISD completes most of the debt issuance contemplated under its current capital plan.

The strong ratings come as Midland ISD continues implementation of the $1.4 billion bond program approved by Midland voters in 2023. The program includes construction of two new comprehensive high schools scheduled to open in August 2028, along with additional facility improvements across the district.

Maintaining strong credit ratings allows Midland ISD to approach debt strategies from a position of financial strength while continuing to focus on reducing long-term costs for taxpayers.

Midland ISD will continue its aggressive debt repayment strategy and responsible financial management as the district moves forward with its long-term facility and capital plans.

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Media Contact:

Jasmine Huerta

Communications Coordinator

communications@midlandisd.net

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Midland ISD | 615 W. Missouri Avenue | Midland, TX 79701 US