S&P Global Ratings assigned its 'A+' long-term rating to Delano Joint Union High School District , Calif.'s estimated $16.685 million series 2026 general obligation (GO) refunding bonds. At the same time, we affirmed our 'A+' long-term and underlying ratings on the district's outstanding GO debt. The outlook is stable. Revenue from unlimited ad valorem taxes levied annually on all taxable property within the district, without limitation as to rate or amount, secures the series 2026 and outstanding GO bonds. Bonds proceeds will be used to refund the election of 2005 series A and series B GO bonds. The rating reflects our view of the district's weaker local economy with local incomes that are below national levels, historically positive operating results,
