S&P Global Ratings revised its outlook to negative and affirmed its 'A+' rating on Beauregard Parish School Board , La.'s outstanding general obligation (GO) debt. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the school board's approximately $15 million series 2025 GO school bonds. The negative outlook reflects our view that there is at least a one-in-three chance we could lower the rating if the district's trend of operating deficits and weakening reserves persists, and if its reserve position does not materially improve within our outlook horizon. The rating reflects the application of " Methodology For Rating U.S. Governments ," Sept. 9, 2024. The bonds are general obligations of the issuer and are payable from
