The Long Beach Unified School District’s credit rating remains high because of careful management, according to the latest bond ratings. Moody’s Corporation, the global credit rating and research service, recently assigned a high AA2 rating to the school district. To investors, this rating signifies high quality and low risk.
A high credit rating helps to save taxpayers millions of dollars in interest on bonds approved by local voters to build, repair and upgrade school campuses. The latest favorable rating cites the district’s large tax base, sound financial operations and prudent reserves. Independent auditors also have consistently given LBUSD’s finances, including its school bond finances, the highest possible ratings.