S&P Global Ratings assigned its 'AA' long-term rating (based on credit enhancement) and 'A+' underlying rating to Lake Orion Community Schools , Mich.'s $19.005 million series 2025 school building and site general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's existing GO debt. The outlook is stable. The district's full faith credit and resources pledge and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the series 2025 bonds. The 'AA' long-term rating reflects our view of the district's participation in the Michigan State School Bond Loan Fund program. (For more information, see " Michigan Credit Enhancement Programs ," published July 10, 2024, on
