S&P Global Ratings raised its underlying rating to 'A' from 'A-' on Anchor Bay School District , Mich.'s general obligation (GO) debt outstanding. At the same time, we assigned our 'AA' long-term rating (based on credit enhancement) and 'A' underlying rating to the district's roughly $54.365 million series II 2025 unlimited-tax school-building-and-site GO bonds. The ratings reflect the application of our criteria " Methodology For Rating U.S. Governments , Sept. 9, 2024," published Sept. 9, 2024, on RatingsDirect. The outlook on all ratings is stable. The raised rating reflects strong operating performance in recent years that has enabled reserve growth to levels we believe will be sustained by prudent fiscal management. The district's full-faith-and-credit pledge and power to levy unlimited
