S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BBB-' underlying rating (SPUR) on Laurel Highlands School District , Pa.'s outstanding general obligation (GO) debt and on the Fayette County Vocational Technical School Authority 's series 2020 school lease revenue bonds, issued for Fayette County Career&Technical Institute . The outlook revision reflects our view that the district's improved reserve position will provide a financial cushion as it navigates budgetary challenges and finds a path to structural balance. The rating reflects the application of our " Methodology For Rating U.S. Governments , Sept. 9, 2024," published Sept. 9, 2024, on RatingsDirect. The district's full faith and credit secures the bonds. The Act 1 Index under
