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Moody's Annual Credit Report

Dear Clarkstown Community,

On Friday June 5th, 2020 Moody’s Investors Service issued their annual credit report for Clarkstown Central School District.

Moody’s Credit Report Highlights:

Clarkstown CSD's credit position is very strong. Its Aa2 rating is slightly above the median rating of Aa3 for school districts nationwide.

Finances: The financial position of the district is healthy overall and is roughly consistent with its Aa2 rating. The cash balance as a percent of operating revenues (22.8%) is slightly lower than the US median, but it increased slightly from 2015 to 2019.

Debt and Pensions: Clarkstown CSD has a very low debt burden that is a credit strength in comparison to its assigned rating of Aa2. The net direct debt to full value (0.6%) is markedly lower than that of other Moody's-rated school districts nationwide, and it remained stable from 2015 to 2019.

See full report attached.

Moody's Report