ROOSEVELT, NEW YORK (MARCH 2025)—The Roosevelt School District is proud to announce that it has received an Aa3 issuer rating from Moody’s Ratings, which designates Roosevelt as a school district whose investment is deemed in “high quality and very low risk.” The Aa3 rating is a strong investment-grade rating reflecting the district's sound financial management, stable reserves, and proactive governance. The rating will also allow Roosevelt to benefit from lower borrowing costs for future capital projects, enhancing its ability to make necessary investments in the District's infrastructure and educational programs.
"This rating affirms that Roosevelt is in a strong financial position and is being well-managed, even in the face of economic challenges," said Superintendent of Schools Dr. Shawn Wightman. "The upgrade to Aa3 not only reflects our commitment to financial stability but also ensures more favorable borrowing costs for future capital projects and debt issuances, providing us with the ability to plan for long-term fiscal health."
The current rating is a jump three notches up from where Roosevelt was last rated in 2017. That year, the District was rated A3, or “upper-medium grade and low risk.” Roosevelt’s Aa3 credit profile benefits from a sound financial position, solid local economy, and manageable leverage profile. Roosevelt’s financial operations and flexibility have remained strong over the past five years with the available reserves finishing 2024 at 22.6 percent of revenues.
The Aa3 rating affirms that Roosevelt is in a strong financial position and has been well-managed despite local economic challenges. Positive factors supporting our rating include strong fiscal management and consistent operating surpluses, a manageable debt load despite long-term obligations of $99 million and active management of local charter schools impacts on district finances.