S&P Global Ratings assigned its 'AA+' long-term rating to the State of Hawaii's approximately $750 million taxable general obligation (GO) bonds, 2023 series GM. We also affirmed our 'AA+' long-term rating and underlying rating (SPUR) on the state's GO bonds outstanding. The outlook is stable. The 2023 series GM bonds and GO debt outstanding are secured by Hawaii's full faith and credit, which the state considers its highest payment priority, according to its constitution. Proceeds from the series 2023 bonds will be used to finance, or reimburse the state for the costs of acquisition, construction, extension, or improvement of various public improvement projects, including public buildings and facilities, elementary and secondary schools, community college and university facilities, public libraries, parks,
