By Daily Republic Staff

The Solano Community College District earlier this month received an upgrade in its credit rating from Moody’s Investors Service.

The district then refinanced bonds Nov. 13 to save taxpayers almost $21 million, according to a press release.

Moody’s raised its rating on the district’s general obligation bonds from AA3 to AA2, meaning “high quality and very low credit risk.”

Source: Solano College receives upgrade in credit rating, refinances bonds