This report does not constitute a rating action. S&P Global Ratings' issuer credit rating (ICR) and long-term rating on the Public Finance Authority , Wis.' series 2020 taxable revenue bonds, issued for Peddie School , N.J., is 'AA+'. The outlook is stable. As of June 30, 2024, Peddie had approximately $30 million in long-term debt outstanding, consisting of the series 2020, series 2017, and series 2015 bonds. All bonds are on parity and are general obligations of the school. The series 2020 bonds, with a par of $20 million, were issued for general corporate purposes and continue to support the school's ongoing capital expenditure needs. The series 2017 and 2015 bonds are directly placed with TD Bank N.A. and are
