Moody's Rating Report

CPS Financially Sound

In July 2024, the district maintained its bond credit rating issued by Moody’s Investor Service. The district maintained its Aa2 rating on debt used to finance the Facility Master plan and Aa3 rating on another type of debt the district used to renovate Gamble Montessori High School. In addition, the district maintained its stable outlook.

Moody's cited the regional economy, the district’s tenured financial team and willingness to balance operations as favorable factors.

In March 2021, the district maintained its bond credit rating issued by Moody's Investor Service, despite the economic downturn due to the coronavirus pandemic. The district maintained its Aa2 rating on some bonds and Aa3 rating on another. In addition, the district maintained its stable outlook.

CPS had increased enrollment by more than 4,000 students over the previous five years — one of the key factors Moody's cited for the improved rating. In addition, Moody's cited Cincinnati’s recovering tax base and the district's stable cash-reserve projections as other favorable factors.

CPS consistently outperforms budgeted expectations, and Moody's attributes this to solid management, conservative budgeting practices and financial forecasting, strong community support, and the successful passage of renewal and new tax levies.

Moody's Rating Action — July 2024
Moody's Rating Report — March 2021
​Moody's Rating Action — March 2021
Moody's Rating Action — February 2021
Moody's Rating Report — January 2020
Moody's Rating Report — March 2018
Moody's Rating Report — January 2017