Moody’s downgrades Haverford Township School District’s credit rating

Debt, deficits and swap exposure led Moody’s to cut Haverford Township School District’s credit rating to upper medium grade.

That’s down from its previous high quality credit rating.
District business manager Robert Henderson tells the Inquirer the financial state there is improving and doesn’t expect borrowing costs to go up overnight.

The district has $113 million in bonds debt.