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District highlights AA2 Moody—s rating while OSC fiscal stress score prompts vigilance
Summary
Officials told the board Glen Cove holds an AA2 Moody's rating (low credit risk) but that the Office of the State Comptroller fiscal stress snapshot showed movement in the district's score; staff said the OSC score is based on the ST-3 filing and uses a snapshot date of Dec. 31, 2025 for the 2025 score.
District staff presented two measures of fiscal health: a long-term credit view and a state-administered fiscal-stress gauge. The superintendent said the district has a Moody—s AA2 rating "which means a very low credit risk" and listed supporting factors including healthy reserves and sound financial management.
On the OSC measure, the superintendent said the cash-position data used to calculate the fiscal stress score is drawn from the annual ST-3 financial report and that OSC scores are available 7 to 9 months after fiscal year end. Staff said the district's 2025 OSC score was based on the ST-3 for the year ending 06/30/2025 with a snapshot date of 12/31/2025; the superintendent said the district remains at "no designation" but that the score is a reminder to exercise fiscal vigilance.
