S&P Global Ratings assigned its 'A' long-term rating to Ceres Unified School District , Calif.'s anticipated $27.8 million certificates of participation (COPs). At the same time, S&P Global Ratings affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's existing GO debt and its 'A' SPUR on the district's outstanding COPs. The outlook is stable. DALLAS (S&P Global Ratings) May 29, 2026--S&P Global Ratings today took the rating actions listed above. Given its location in Southern San Joaquin Valley, the district's service area is exposed to drought, water supply stress, air quality challenges, and to a lesser extent, wildfire and seismic risk. Prolonged drought and water supply stress can reduce economic output, weaken local employment, and limit residential
