Ann Arbor Michigan School District Public Schs

School District· MI· Unclaimed profile

Outstanding · as of 11/4/2026—(EMMA est.)

RatingsA1 Moody's · AA S&P · AA+ KBRA

Compiled filing11/20/2025

Bonds issued for Schools & education

Credit ratings

agency-stated

Moody's

46 rated securities · insured

S&P

4 rated securities · insured

KBRA

AA+

3 rated securities · insured

Outstanding par by rating agency and grade
Agency	Rating	Par	Share	CUSIPs
Moody's	A1	$276.0M	99.3%	44
	Aa1	$1.9M	0.7%	2

Maturity profile

par maturing by year · as of 11/4/2026

Recent activity

rating actions & filings

Moody's Downgrade — A2

8/24/2026 · $200,830,000 Regarding CUSIP #: 035519, YT8 to ZQ3 Bonds Dated:…

Annual Financial Information and Operating Data filed

11/20/2025 · Annual Financial Information and Operating Data: Ann Arbor Publ…

Official statement posted

5/14/2025 · 2025 SCHOOL BUILDING AND SITE AND REFUNDING BONDS (UNLIMITED TA…

Annual Financial Information and Operating Data filed

10/31/2024 · Annual Financial Information and Operating Data: Ann Arbor Publ…

Annual Financial Information and Operating Data filed

11/9/2023 · Annual Financial Information and Operating Data: Ann Arbor Publ…

Official statement posted

5/16/2023 · 2023 SCHOOL BUILDING AND SITE BONDS (UNLIMITED TAX GENERAL OBLI…

In context

Larger than 98% of MI issuers by debt outstanding · #36 of 1452

Debt overview

EMMA-derived

Outstanding par (EMMA est.)—

Securities92

Callable51%

Outstanding securities

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Outstanding securities for Ann Arbor Michigan School District Public Schs
CUSIP	Series / description	Coupon	Maturity	Outstanding	Ratings	First call
035519VZ7	ANN ARBOR MICH SCH DIST PUB SCHS TAXABLE UNLTD TAX RE…	2.475%	5/1/2027	$7,850,000	—	—
035519YU5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2027	$2,755,000	—	—
035519XX0	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2027	$2,825,000	—	—
035519TG2	ANN ARBOR MICH SCH DIST PUB SCHS GO REF BDS 2012 (MI)*	5.0%	5/1/2027	$7,715,000	—	—
035519QV2	—	5.0%	5/1/2027	$8,375,000	—	—
035519RW9	—	4.5%	5/1/2027	$5,825,000	—	—
035519VE4	ANN ARBOR MICH SCH DIST PUB SCHS GO ULTD TAX REF BDS …	3.0%	5/1/2027	$950,000	—	—
035519WJ2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2027	$5,125,000	—	—
035519UG0	ANN ARBOR MICH SCH DIST PUB SCHS ULTD TAX GO REF BDS …	5.0%	5/1/2027	$2,905,000	—	—
035519XC6	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2027	$1,600,000	—	—
035519UH8	ANN ARBOR MICH SCH DIST PUB SCHS ULTD TAX GO REF BDS …	5.0%	5/1/2028	$2,995,000	—	—
035519WA1	ANN ARBOR MICH SCH DIST PUB SCHS TAXABLE UNLTD TAX RE…	2.495%	5/1/2028	$8,025,000	—	—
035519XD4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2028	$1,625,000	—	—
035519RX7	—	—	5/1/2028	—	—	—
035519YV3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2028	$2,840,000	—	—
035519XY8	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2028	$2,925,000	—	—
035519WK9	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2028	$5,275,000	—	—
035519VF1	ANN ARBOR MICH SCH DIST PUB SCHS GO ULTD TAX REF BDS …	3.0%	5/1/2028	$955,000	Moody’s Aa1	5/1/2027
035519TH0	ANN ARBOR MICH SCH DIST PUB SCHS GO REF BDS 2012 (MI)*	5.0%	5/1/2028	$8,080,000	—	—
035519QW0	—	—	5/1/2028	—	—	—
035519RY5	—	4.5%	5/1/2029	$6,100,000	—	—
035519XE2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2029	$1,675,000	—	—
035519ST5	—	4.5%	5/1/2029	$3,000,000	—	—
035519TJ6	ANN ARBOR MICH SCH DIST PUB SCHS GO REF BDS 2012 (MI)*	5.0%	5/1/2029	$8,565,000	—	—
035519QY6	—	4.75%	5/1/2029	—	—	—
035519UJ4	ANN ARBOR MICH SCH DIST PUB SCHS ULTD TAX GO REF BDS …	5.0%	5/1/2029	$3,055,000	—	—
035519WB9	ANN ARBOR MICH SCH DIST PUB SCHS TAXABLE UNLTD TAX RE…	2.525%	5/1/2029	$8,305,000	—	—
035519YW1	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2029	$2,885,000	—	—
035519XZ5	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2029	$3,050,000	—	—
035519QX8	—	4.75%	5/1/2029	$18,050,000	—	—
035519VG9	ANN ARBOR MICH SCH DIST PUB SCHS GO ULTD TAX REF BDS …	3.0%	5/1/2029	$955,000	Moody’s Aa1	5/1/2027
035519QZ3	—	4.75%	5/1/2029	—	—	—
035519WL7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2029	$5,450,000	—	—
035519WM5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2030	$5,625,000	—	—
035519YA9	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2030	$3,175,000	—	—
035519XF9	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2030	$1,725,000	—	—
035519YX9	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2030	$4,300,000	—	—
035519YB7	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2031	$3,300,000	—	—
035519YY7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2031	$4,950,000	—	—
035519XG7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2031	$1,775,000	—	—
035519WN3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2031	$5,800,000	Moody’s A1	5/1/2030
035519XH5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2032	$1,800,000	—	—
035519YZ4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2032	$5,650,000	—	—
035519YC5	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2032	$3,425,000	—	—
035519WP8	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2032	$5,975,000	—	5/1/2030
035519XJ1	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2033	$1,850,000	Moody’s A1	5/1/2032
035519WQ6	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2033	$6,150,000	Moody’s A1	5/1/2030
035519ZA8	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2033	$6,020,000	—	—
035519YD3	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2033	$3,575,000	—	—
035519YE1	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2034	$3,725,000	Moody’s A1	5/1/2033
035519ZB6	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2034	$6,355,000	—	—
035519XK8	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2034	$1,900,000	Moody’s A1	5/1/2032
035519WR4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2034	$6,325,000	Moody’s A1	5/1/2030
035519WS2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2035	$6,525,000	Moody’s A1	5/1/2030
035519ZC4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2035	$7,010,000	—	—
035519YF8	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2035	$3,850,000	Moody’s A1	5/1/2033
035519XL6	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2035	$1,950,000	Moody’s A1	5/1/2032
035519ZD2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2036	$7,405,000	Moody’s A1	5/1/2035
035519YG6	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2036	$4,000,000	Moody’s A1	5/1/2033
035519XM4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2036	$2,000,000	Moody’s A1	5/1/2032
035519WT0	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2036	$6,725,000	Moody’s A1	5/1/2030
035519ZE0	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2037	$7,815,000	Moody’s A1	5/1/2035
035519XN2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2037	$2,050,000	Moody’s A1	5/1/2032
035519YH4	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2037	$4,175,000	Moody’s A1	5/1/2033
035519WU7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2037	$6,925,000	Moody’s A1	5/1/2030
035519ZF7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2038	$8,255,000	Moody’s A1	5/1/2035
035519WV5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2038	$7,125,000	Moody’s A1	5/1/2030
035519XP7	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2038	$2,100,000	Moody’s A1	5/1/2032
035519YJ0	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2038	$4,350,000	Moody’s A1	5/1/2033
035519ZG5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2039	$8,760,000	Moody’s A1	5/1/2035
035519XQ5	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2039	$2,150,000	Moody’s A1	5/1/2032
035519YK7	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2039	$4,525,000	Moody’s A1	5/1/2033
035519WW3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2039	$7,300,000	Moody’s A1	5/1/2030
035519XR3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2040	$2,200,000	Moody’s A1	5/1/2032
035519YL5	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2040	$4,675,000	Moody’s A1	5/1/2033
035519ZH3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2040	$9,305,000	Moody’s A1	5/1/2035
035519WX1	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	3.0%	5/1/2040	$7,500,000	Moody’s A1	5/1/2030
035519YQ4	—	4.0%	5/1/2041	—	Moody’s A1S&P AAKroll AA+	5/1/2033
035519XS1	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2041	$2,250,000	Moody’s A1	5/1/2032
035519ZJ9	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2041	$12,305,000	Moody’s A1	5/1/2035
035519YM3	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2041	$4,850,000	Moody’s A1	5/1/2033
035519ZK6	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2042	$12,905,000	Moody’s A1	5/1/2035
035519XT9	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2042	$2,050,000	Moody’s A1	5/1/2032
035519YR2	—	4.0%	5/1/2042	—	Moody’s A1S&P AAKroll AA+	5/1/2033
035519YN1	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2042	$5,025,000	Moody’s A1	5/1/2033
035519ZR1	—	5.0%	5/1/2043	$9,740,000	Moody’s A1S&P AA	5/1/2035
035519YP6	ANN ARBOR MICH SCH DIST PUB SCHS UNTLD TAX GO BLDG SI…	4.0%	5/1/2043	$5,175,000	Moody’s A1	5/1/2033
035519ZL4	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2043	$13,505,000	Moody’s A1	5/1/2035
035519YS0	—	4.0%	5/1/2043	—	Moody’s A1S&P AAKroll AA+	5/1/2033
035519ZM2	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2044	$14,065,000	Moody’s A1	5/1/2035
035519ZN0	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2045	$14,765,000	Moody’s A1	5/1/2035
035519ZQ3	ANN ARBOR MICH SCH DIST PUB SCHS UNLTD TAX GO BLDG SI…	5.0%	5/1/2047	$31,905,000	Moody’s A1	5/1/2035

Show all 92 →

Market activity

EMMA · secondary trades · latest compiled 11/4/2026

Each dot is a reported secondary trade — yield by trade date, sized by par, colored by trade side. Hover for detail.

Trade dateSecurityPriceYieldSizeSide

11/4 035519XY8 100.89 3.39% 15,000 Inter-Dealer Trade

11/4 035519XY8 100.89 3.39% 15,000 Customer Sold

11/4 035519VG9 98.90 3.47% 50,000 Inter-Dealer Trade

11/4 035519VG9 99.00 3.42% 50,000 Inter-Dealer Trade

11/4 035519VG9 99.00 3.42% 100,000 Inter-Dealer Trade

11/4 035519VG9 98.95 3.44% 100,000 Inter-Dealer Trade

11/4 035519WN3 95.82 4.03% 100,000 Inter-Dealer Trade

Trade prints reported to the MSRB — a live market signal a manual issuer page cannot show.

20 callable securities in this sample carry a stated call price — refunding candidates as rates move.

Recent rating actions

Moody's · S&P · Fitch · KBRA

Moody's $200,830,000 Regarding CUSIP #: 035519, YT8 to ZQ3 Bonds Dated: 6/3/25 Issuer and General Obligation Unlimited Tax Rating of the Sc…

8/24/2026

Downgrade A1 → A2

View the filing on EMMA ↗

Moody's NOTICE TO THE MSRB OF MATERIAL EVENT Name of Obligated Persons: Public Schools of the City of Ann Arbor NOTICE IS HEREBY GIVEN by P…

4/1/2021

Downgrade Aa2 → Aa3

View the filing on EMMA ↗

Rating actions as disclosed by the issuer to the MSRB’s EMMA system under SEC Rule 15c2-12; the ratings are the opinions of the respective rating agencies (Moody's, S&P Global Ratings, Fitch Ratings, KBRA). Dates are the rating-action dates stated in each notice.

Ann Arbor Michigan School District Public Schs

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