S&P Global Ratings assigned its'A+'long-term rating to Ceres Unified School District , California's anticipated $38 million series 2026B (2024 Election) general obligation (GO) bonds. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property in the district secures the district's outstanding GO bonds. The Stanislaus County board of supervisors has the power and obligation to levy these taxes at the district's request to repay the bonds. The district will use GO bond proceeds to finance various facility requirements, as authorized by its 2024 bond election. The rating reflects our view of the district's sound financial profile, anchored by an extended track record of balanced-to-positive operations, supported by conservative and realistic budgeting practices and multiyear
