BOND PROGRESS UPDATE: MISD bond credit ratings remain high

Bond Progress Update

MISD bond credit ratings remain high

Midland, Ector County residents to get priority for investing in school bond

February 28, 2024 — The Moody’s and S&P bond credit rating agencies have once again given Midland ISD high marks, which can lead to low interest rates for the upcoming bond sale.

Moody’s issued MISD an Aa1 rating and improved its outlook to “positive” from “stable.” S&P confirmed its AA rating. 

“These high ratings are great for both bond investors and Midland taxpayers,” said Tucker Durham, MISD Chief Financial Officer. “They show investors that MISD bonds are a low-risk investment. For the taxpayer, these ratings should result in a lower interest rate, saving on total repayment.”

The district also carries a AAA rating from the Texas Permanent School Fund.

The first bond offering is anticipated on or about Tuesday, March 5. Residents in Midland and Ector counties will receive first priority. Raymond James was selected as the senior underwriter.

In November, voters approved a $1.4 billion school bond that will include the construction of new Midland and Legacy high school campuses, construction of a new elementary school in the Lone Star Trails area of Midland and improvements to campuses districtwide.

More Information

Stay up to date with the progress of executing the bond at midlandbond2023.com.

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Media Relations Contact:
Trevor Hawes
Communications Specialist
432-240-1044 | trevor.hawes@midlandisd.net