S&P Global Ratings assigned its 'A+' long-term rating to Mississippi Development Bank (MDB)?s about $97.5 million series 2025 special obligation bonds, issue for Lamar County School District (SD). At the same time, S&P Global Ratings affirmed its 'A+' long-term rating on the district's series 2012 general obligation (GO) unlimited-tax refunding bonds and series 2013 and 2017 GO limited-tax refunding notes. The outlook is stable. The rating reflects the application of our criteria " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. The MDB special obligation bonds will be secured by the district?s bond and other revenue identified in the MDB bond indenture. The district bond is secured by its full faith and credit pledge and payable from an
