Cherokee schools report credit rating upgrades

The Cherokee County School District’s credit ratings have improved for the second consecutive year, and the one from Standard & Poor’s now approaches the coveted AAA rating, district officials announced.

Standard & Poor’s upgraded the district’s credit rating to Aa with a Stable outlook from Aa-, and Moody’s raised it to Aa2 Stable from Aa2, officials said.

“We continue to make steady progress toward a perfect rating, and along the way, the improvements are benefiting our community, as an improved credit rating lowers costs for insurance and borrowing,” said schools Superintendent Brian V. Hightower.