S&P Global Ratings assigned its ?BBB-? long-term rating to the Maricopa County Industrial Development Authority , Ariz.'s anticipated $77.9 million series 2025A education revenue refunding bonds, $37.5 million series 2025B education revenue bonds and $1.09 million series 2025C (taxable) education revenue bonds, issued for Legacy Traditional Schools (LTS). At the same time, we affirmed our existing ?BBB-? rating on LTS?s outstanding debt. The outlook is stable. The series 2025 bond proceeds will be issued to finance the acquisition, development, construction, and equipping of land and school buildings for the Clemmons campus in North Carolina and the Columbia campus in South Carolina. The series 2025A bonds will also be used to refund the outstanding series 2015 bonds (approximately $33 million), pay
