Moody’s Investors Service Gives PCSD Its Highest Rating

Maintaining Pittsford Central School District’s fiscal responsibility and stability is an ongoing commitment to Pittsford taxpayers. That commitment was evidenced recently as Moody's Investors Service assigned PCSD the highest credit rating – Aa1. Per Moody’s, “the Aa1 rating reflects strong financial operations supported by conservative budget practices and is the highest rating a district can attain.”

Similar to a personal credit rating score, the District’s Aa1 rating reflects financial stability and health, and as a result affords the District favorable borrowing terms (low interest rates) when PCSD residents vote to approve debt issuance in potential capital projects.

Below are highlights from an October 2021 credit analysis published by Moody’s Investors Service:

  • The credit position of PCSD is very strong. The Aa1 rating is above the U.S. school district median.

  • Key credit factors PCSD demonstrated in order to earn an Aa1 rating included a very healthy economy, stable enrollment trend, sizable financial position, somewhat high leverage and very modest fixed costs.