August 8, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

SMMUSD Receives Highest Credit Rating

The Santa Monica-Malibu Unified School District recently received the top credit rating from

Moody’s Investors Service (“Moody’s”).

Moody’s upgraded the district’s general obligation bond credit rating one level, from ‘Aa1’ to ‘Aaa,’ the highest possible rating an issuer can achieve.

“We are so pleased to have reached Aaa,” said School Board President Laurie Lieberman, who participated in the presentation to the rating analysts. “Moody’s was particularly impressed with the level of support we receive from the community, and it is so gratifying to report this result back to our constituents!”

Moody’s generally reviews four factors in assessing an issuer’s creditworthiness:

(1) District finances

(2) District management

(3) District debt/pension obligations

(4) local economy.

Of these areas, the District has more control of its finances, management, and debt and an influence on its local economy.

Moody’s noted the following as credit strengths:

 Large, diverse and growing tax base

 Very high resident wealth levels

 Robust supplementary revenues bolstering financial position and per pupil resources

 Strong reserves

“A natural ‘Aaa’ rating is rare for a Local Control Accountability Plan (LCFF) district,” said Anthony Hsieh of Keygent, the district’s financial advisor. “We expect this rating upgrade to attract more investors and result in lower taxpayer costs.”

The district has received a formal credit report from Moody’s, which will be disseminated to the investment community. The district’s rating was updated as part of its upcoming $60 million Measure ES general obligation bond issuance to fund projects in the district.

Related Posts

Full Moon Frights at Cinespia: Vampires, Werewolves, and a Night Under the Stars

August 8, 2025

August 8, 2025

Double Feature Coincides With Rare Celestial Triple Event Cinespia invites fans of horror comedy classics will gather under the glow...

Xenomorphs Hit Hollywood: FX Launches Global ‘Alien: Earth’ Hunt Ahead of Series Premiere

August 8, 2025

August 8, 2025

Fans Can Track “Crash-Site” Crates in LA for Instant Prizes, Photo Ops, and Sweepstakes FX is bringing the world of...

Glorya Kaufman, Dance, Arts and Health Philanthropist Who Transformed L.A.’s Landscape, Dies at 95

August 8, 2025

August 8, 2025

From Culver City, Brentwood, UCLA, USC, and Downtown LA, Her Generosity was Legendary Glorya Kaufman, a transformative benefactor to the...

Overnight Lane Closures Set for I-405 Through Sepulveda Pass Next Week

August 7, 2025

August 7, 2025

Caltrans to Close Multiple Northbound and Southbound Lanes Nightly  Caltrans will implement overnight lane closures along Interstate 405 in the...

Levain Bakery Lands in Beverly Hills with Cookies, Swag, and a Sweet Surprise

August 7, 2025

August 7, 2025

Newest Location’s Debut Includes Limited-Edition Flavor, Early-Bird Giveaways Levain Bakery will mark the opening of its newest location in Beverly...

Bistro Blue’s One Night Only Seasonal Menu Pops Up at Little City Farms August 10

August 6, 2025

August 6, 2025

Chef Kara Vorabutr’s Garden Dinner Promises to be a Seasonal Showstopper Bistro Blue, a pop-up concept by Chef Kara Vorabutr,...

Cardinale du Vin’s Weekend Izakaya Pop-Up Blends Thai Flavors and Japanese Dishes

August 6, 2025

August 6, 2025

Three Nights Only: Thai-Japanese Fusion Menu Launched in Pico-Robertson Cardinale du Vin is unveiling a special izakaya-inspired menu this weekend,...

Santa Monica’s Chez Jay Celebrates 66 Years with Retro Bash by the Beach

August 6, 2025

August 6, 2025

Landmark Restaurant Celebrates With Classic Cars, Live Music, Celebrity Lore One of Los Angeles County’s most storied restaurants will mark...

Film Review: Weapons

August 6, 2025

August 6, 2025

By Dolores Quintana You might be asking yourself what the film Weapons is about. Not to worry, writer and director...

Classic Rock Tribute Takes Center Stage at Beverly Hills Summer Series, Concerts on Canon

August 5, 2025

August 5, 2025

Rod Lightning and the Thunderbolts of Love Bring High-Energy Hits to the Stage The City of Beverly Hills continues its...

Trial Date Set for Alleged ‘Ketamine Queen’ in Matthew Perry’s Death

August 5, 2025

August 5, 2025

Woman Accused in Matthew Perry’s Overdose to Face Jury The woman accused of supplying the fatal dose of ketamine that...

DUI Suspect Identified and Charged in Crash That Killed 9-Year-Old, Injured Brother

August 5, 2025

August 5, 2025

RV Driver to Face Serious Felony Charges After Striking Boys Riding E-Scooter The 46-year-old man who was allegedly driving under...

Late-Night Traffic Stop in L.A. Lands Rap Star Soulja Boy Back in Legal Spotlight

August 5, 2025

August 5, 2025

Rapper Taken Into Custody During Early Morning Traffic Stop Rapper Soulja Boy was taken into custody early Sunday after Los...

Deadly Crosswalk Hit and Run in West Adams, Victim Hit Multiple Times and Left to Die

August 4, 2025

August 4, 2025

Police Seek Public Help to Identify Three Drivers Who Struck and Killed a Pedestrian  Detectives with the Los Angeles Police...

Brentwood Bookstore Welcomes a Hollywood Insider and Secret Service Agent for a Night of Noir

August 4, 2025

August 4, 2025

Tinseltown Thrills Meet Real-Life Intrigue With Author of To Live and Die in LA Diesel, A Bookstore will host a...