S&P Global Ratings assigned its 'AA-' rating to Bank Intercounty Drain Drainage District , Mich.'s roughly $55 million series 2025 general obligation (GO) intercounty drainage bonds, issued by Eaton County , based on the application of its criteria, " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. At the same time, S&P Global Ratings affirmed its 'AA-' rating on Eaton County's existing debt, issued by and for the county, including debt issued for several drainage districts secured by Eaton County's full-faith-and-credit pledge. The outlook is stable. The primary repayment source for the series 2025 bonds will come from special assessments against property and public corporations in the drainage district. Although we lack the required information to
