S&P Global Ratings assigned its ‘AA’ long-term and underlying ratings to Cinnaminson Board of Education (BOE), New Jersey's $57.7 million series 2026 general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its ‘AA‘ long-term and underlying ratings on the BOE’s GO debt outstanding. The outlook is stable. Cinnaminson BOE's full-faith-and-credit pledge secures the series 2026 bonds. The bonds are further secured by the New Jersey Fund for the Support of Free Public Schools program , which pledges a portion of the state fund's assets for a school district's debt service should the district be unable to meet principal and interest payments (for more information, see"New Jersey Credit Enhancement Programs ,"July 11, 2024). The
