S&P Global Ratings placed its 'A+' underlying (SPUR) rating on Marion County School District No. 5 (Cascade) , Ore.'s outstanding general obligation (GO bonds) on CreditWatch with negative implications. The CreditWatch placement reflects our view of the lack of timely and sufficient information to maintain the rating. The CreditWatch placement follows our repeated attempts to obtain updated information from the district's management team, regarding its financial position and potential economic updates. The district?s GO bonds are secured by its full faith and credit pledge including the ability to levy unlimited ad valorem taxes on all taxable property within the boundary of district. We view the lack of updates and necessary information from management as impediments to evaluating our rating and
