S&P Global Ratings assigned its ‘A’ long-term rating to Denair Unified School District , California’s anticipated $7 million series 2026B (election of 2024) general obligation (GO) bonds. The outlook is stable. Unlimited ad valorem taxes on all taxable property within the district secure the GO bonds. Proceeds from the series 2026B GO bonds will be used to finance school construction projects and improvements to school facilities. The rating reflects our view of the district’s affordable tax base in Stanislaus County, which continues to attract students, increasing enrollment. We believe the district's program offerings and upgraded facilities will continue to attract students, contributing to increased state funding. Although the district’s reserve target, 4% of general fund expenditures, is not as robust
