Caddo Parish Public Schools has reached a significant financial milestone, with S&P Global Ratings upgrading the district’s bond rating to AA-, citing strong budgetary performance, stable financial management, and thoughtful long-term planning.
The upgrade represents an increase from the district’s previous A+ rating and places Caddo Parish among the higher-rated school districts in Louisiana. S&P Global Ratings also assigned the AA- rating to the district’s upcoming $21.3 million Series 2026 general obligation bonds, with a stable outlook.
According to S&P Global Ratings, the improved rating reflects the district’s sustained financial discipline, including five consecutive years of general fund surpluses and reserves well above annual operating expenditures. Analysts noted that the district’s strong reserve position provides flexibility to manage economic uncertainty while continuing to invest in schools and facilities.
“This is outstanding news for our students, employees, taxpayers, and the entire Caddo Parish community,” Superintendent Keith Burton said. “This upgrade affirms the responsible decisions made by our school board and leadership team to be good stewards of public dollars while staying focused on what matters most—educating children. Strong financial health allows us to invest strategically in classrooms, facilities, and opportunities for students, both now and in the future.”
S&P Global Ratings also cited strategic budgeting practices, stable operations despite enrollment challenges—supported by growth in younger age groups—and reserves exceeding the district’s established targets as key factors supporting the higher rating. The ratings organization further noted the district’s intentional use of additional surpluses to support capital improvements.
A higher credit rating can result in lower borrowing costs for taxpayers, increasing the district’s ability to fund construction, renovations, and infrastructure improvements more efficiently over time.
“This upgrade reflects years of disciplined governance and sound financial oversight by the Caddo Parish School Board,” said Board President Don Little. “Our responsibility is to protect taxpayer dollars while ensuring our schools have the resources they need. This rating confirms that we are doing both.”
The AA- rating applies to the district’s unlimited tax general obligation debt and carries a stable outlook, reflecting S&P Global Ratings’ expectation that Caddo Parish Public Schools will maintain its strong financial position in the years ahead.