S&P Global Ratings assigned its 'AA' long-term credit-enhanced rating and 'A' underlying rating to the School District of the City of Lincoln Park , Mich.'s anticipated $17.585 million series 2025 general obligation (GO) school-building-and-site bonds series II. We also affirmed our 'A' underlying rating on the district's outstanding GO debt. The outlook is stable. The district's full faith, credit, resources, and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the 2025 school building and site bonds and outstanding GO debt. 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,
