By Adam Studzinski

NORMAL – Unit 5 has had its bond rating reaffirmed by Moody’s Investors.

The district’s AA-2 rating is the third highest rating available and is higher than the State of Illinois’. Finance Director Marty Hickman explained why Unit 5 was able to maintain its rating.

“We have done a very good job of controlling those factors that we have control over,” said Hickman. “That’s what the report from Moody’s says, is that the things that we can control we have and the way we have finished the last couple years financially have proven that.

“Even as they detailed the risk from the state level of what could happen they still see that we, as a district, have reacted when we’ve had to to the unfortunate things coming from the state.”

Hickman said the high bond rating is most useful when the district looks at taking out more loans because it means they can get lower interest rates.

Adam Studzinski can be reached at [email protected].