Fitch Ratings last week upgraded by one notch to AA-plus its rating on the Missouri School District Direct Deposit Program.

“The upgrade reflects the strong structural, legal, and administrative protections of the direct deposit program,” Fitch wrote. The program’s structure provides for full and timely payment of debt service from state aid payments.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.