Improved Moody’s Credit Rating

Improved Moody’s Credit Rating photo
The district is proud to report that over the past few years, the district has substantially improved the operation and management of its business office according to Moody’s Investors Services.

Glen Cove Schools have established a positive financial position, enabling it to earn an Aa2 Moody’s rating, which raises the district’s credit score and gives it a much more attractive interest rate for loans. In fact, this rating helps greatly in securing the lowest possible interest rate for a future bond referendum, which can save million savings for taxpayers over the life of a bond. The district was also favorably cited by Moody’s for its “healthy and growing financial position.”

“Based on the efforts of our Assistant Superintendent for Business Victoria Galante over the past six years, we have gotten to a place where we are healthier financially than we have been in a long time,” said Superintendent of Schools Dr. Maria Rianna. “As a result, Glen Cove City School District has received attention from Moody’s that resulted in such a wonderful outcome.”