S&P Global Ratings has improved its outlook rating for Caddo Parish School Board from stable to positive based on S&P’s Methodology For Rating U.S. Governments.
This significant achievement reflects the district’s strong fiscal management, strategic investments and commitment to long-term financial health, which directly benefit students, families and the Caddo Parish community.
"The outlook revision is also due to recent strong budgetary performance leading to very strong reserves, and economic metrics that compare more favorably with a higher rating," said S&P Global Ratings credit analyst Alex Louie.
Louie stated S&P analysts believe there is a strong opportunity for the district to raise its rating in the next two years if the district maintains its reserves at a level higher than historical levels.
In addition to an improved outlook, S&P Global Ratings affirmed its 'A+' rating on the district’s bonds.
This announcement from S&P is the latest in financial news from northwest Louisiana’s largest district. In Fall 2024, the Caddo Parish School Board reduced its millage rates by more than 2 mills, saving an average Caddo Parish homeowner more than $38 annually.
"This recognition by S&P Global Ratings reflects our commitment to being good financial stewardship and our focus on making strategic decisions that prioritize the needs of our students and community,” said Caddo Superintendent Keith Burton. “By building strong reserves and reducing millage rates, we’re ensuring Caddo Schools remains on a path of financial sustainability while directly benefiting taxpayers and enhancing opportunities for our students."
Since 2003, the Caddo Parish School Board has reduced millage rates by nearly 17 percent or 14.68 mills.