S&P Global Ratings assigned its'A+'long-term rating to Delano Joint Union High School District , California's estimated $17.5 million series C (election of 2005) general obligation (GO) bonds. 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 bonds. Proceeds will be used to upgrade and repair district facilities. The rating reflects our view of the district's healthy reserve and liquidity position, manageable long-term liabilities, and historically positive operating results, due in part to management's prudent budgeting practices. Partly offsetting these strengths is the limited economy. The district has maintained its recent track record of positive operating results and outperforming its
