S&P Global Ratings lowered its long-term rating on Maple Valley Public Schools , Mich?s general obligation (GO) debt to 'A-' from 'A'. The one-notch downgrade reflects the district?s deficit financial operations and spenddown of reserves, to the extent they are no longer in line with those of peers, limiting the district?s financial flexibility. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. The district's full faith, credit, resources, and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the district's GO debt outstanding. The 'A-' rating reflects our view of Maple Valley Public Schools' weak fund balance and deficit operating results in recent years, but
