DeKalb school bonds downgraded
The credit rating agency Standard & Poor's downgraded DeKalb County School District bonds Tuesday, from "AA-" to "A+."
The slight downgrade is for $300 million in bonds issued in 2007. It means the school system went from a "very strong" financial footing to a "strong" one that is "somewhat susceptible" to changing circumstances. S&P indicated, though, that the rating would likely be "stable" for the next two years.
DeKalb Superintendent Cheryl Atkinson said her administration was taking "strong steps" to balance the budget and to replenish financial reserves.
About the Author
Ty Tagami is a staff writer for The Atlanta Journal-Constitution. Since joining the newspaper in 2002, he has written about everything from hurricanes to homelessness. He has deep experience covering local government and education, and can often be found under the Gold Dome when lawmakers meet or in a school somewhere in the state.
