Moody’s affirms Gwinnett County Public Schools’ Aaa bond rating, citing strong financial stability

GWINNETT COUNTY, GA—Gwinnett County Public Schools (GCPS), Georgia’s largest school district serving more than 180,000 students, has secured the highest possible bond rating from Moody’s Investors Service, the most recent data shows. Moody’s has affirmed the district’s Aaa rating on its outstanding general obligation unlimited tax (GOULT) debt, reflecting the district’s exceptional financial health and prudent fiscal management.

Moody’s cited GCPS’ conservative budgeting, strong reserve levels, and commitment to responsible fiscal management as key factors in affirming the Aaa rating,  the county stated in a Feb. 10 press release. The district has strategically leveraged voter-approved sales tax collections to fund capital improvements, ensuring long-term financial sustainability. maintaining balanced budgets and growing reserves annually since 2014, officials said.

“Earning Moody’s highest bond rating once again is a testament to our district’s sound financial strategy and long-term planning,” said Walt Martin, Deputy Superintendent of Operational Services. “Our commitment to responsible budgeting and efficient resource management allows us to invest in the future of our students while maintaining the financial stability of GCPS.”

Superintendent Calvin J. Watts echoed Martin’s sentiment, emphasizing the impact of strong fiscal management to support educational excellence.

“Gwinnett County Public Schools has a long-standing commitment to strong fiscal accountability, and we remain dedicated to responsible financial stewardship. By effectively managing our budget year to year, we not only maintain the district’s financial health but also maximize resources that directly benefit our students, staff, and community,” Watts said.