SAN FRANCISCO (S&P Global Ratings) July 8, 2020--S&P Global Ratings assigned its 'A+' underlying rating and 'AAA' long-term program rating to Celina Independent School District, Texas' anticipated $30 million unlimited-tax school building bonds, series 2020. The outlook is stable. "The underlying rating also reflects the district's high wealth and income metrics, maintenance of very strong reserves, frequent monitoring of budget performance, and affordable retiree benefit costs, offset by a high debt burden and slow debt amortization," said S&P Global Ratings credit analyst Misty Newland. The district enters the COVID-19-prompted recession with very strong reserves. While the state has not yet reduced education aid, the recent increase in COVID-19 outbreaks across the state may dampen previous economic recovery forecasts. Even accounting
