Standard & Poors' Global Ratings
Standard & Poor's Financial Services LLC (S&P) is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P provides the world-wide banking industry with what amounts to the credit score for municipalities like Eastport-South Manor CSD. The rating ESM receives from S&P is important because it reflects the District's credit-worthiness. If the District's credit is strong, then it will receive better interest rates when it borrows money. Lower interest rates means the District saves money.
Below are S&P's reports from January 22, 2018 and May 7, 2019. These reports reflect ESM's credit rating after the 2016-17 fiscal year and after the 2017-18 fiscal year, respectively. If you have any questions, please feel free to email Assistant Superintendent for Business and Operations Tim Laube at firstname.lastname@example.org or call at 631-801-3001.