S&P Global Ratings assigned its 'A+' long-term rating to Armona Union Elementary School District , Calif.'s anticipated $4.5 million (election of 2024) series A general obligation (GO) bonds. At the same time, we affirmed our 'A+' underlying rating (SPUR) on the district's outstanding GO bonds. The outlook is stable. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. Revenue from the district's unlimited ad valorem property tax secures the series A bonds. Proceeds will finance the renovation, construction, and improvement of school facilities and pay the cost of issuance. The district's historically positive operating performance, favorable available reserve position, and fairly stable enrollment base support its general creditworthiness. These
