Deputy controller briefs committee on Moody's and S&P ratings for Board of Education bonds; items received and filed

Deputy controller Delano Dow presented the Moody's and S&P ratings for the Board of Education's 2026 school-series bonds and answered a brief question about why one rating's outlook was "stable" while another's was "negative." He explained that ratings are longer-term assessments while outlooks reflect current-year conditions.

After a short exchange clarifying the difference between rating and outlook, the committee received and filed both items and adjourned.