S&P Global Ratings assigned its'A+'rating to Hanover Area School District , Pennsylvania’s $25.5 million series 2026A limited-tax general obligation (GO) bonds. We also affirmed our'A+'rating on the district’s existing GO debt. The outlook is stable. The series 2026A bonds and existing limited-tax GO bonds are secured by the district’s full-faith-and-credit pledge and are payable from ad valorem taxes, which are levied on all taxable real property within the district. Its taxing power is limited by Pennsylvania’s Act 1 Index, which restricts a district’s ability to raise the tax levy above a certain index as determined by the Pennsylvania Department of Education. We rate Hanover Area School District’s limited-tax GO debt on par with our view of
