S&P Global Ratings assigned its 'AA+' long-term rating (based on credit enhancement) and 'A' underlying rating to Metropolitan School District of Steuben County , Ind.'s approximately $6.6 million series 2025 first mortgage bonds, issued by Metropolitan School District of Steuben County K-5 Building Corp. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'A' underlying rating on existing property tax-backed debt issued by and for the district. The outlook is stable. CHICAGO (S&P Global Ratings) Oct. 6, 2025--S&P Global Ratings today took the rating actions listed above. We view environmental, social, and governance (ESG) risks as neutral within our rating analysis. The stable outlook reflects our view of the school district's operational balance and our expectation