Lynbrook Bond Rating Supports Fiscal Health

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The district is pleased to report a favorable analysis from Moody’s Investors Service. Moody’s has assigned the district a bond rating of Aa2 for the district’s recent bond sale.

As stated in the report provided by Moody’s, the Aa2 rating reflects the district’s moderately sized tax base, adequate reserve position and manageable long term liabilities including debt, pension and other post-employment benefits.

“We are very happy to receive such a high rating from Moody’s in preparation for our sale of bonds,” said Superintendent of Schools Dr. Melissa Burak. “It is a testament to the careful fiscal management the district has exhibited for decades. We are especially grateful that this rating will enable us to take the most advantage of historically low interest rates that will result in a savings for our taxpayers.”