S&P Global Ratings raised the rating on Mukwonago Area School District , Wis.' unlimited-tax general obligation (GO) debt one notch to ?AA+? from ?AA?. S&P Global Ratings also assigned its 'AA+' rating to the district?s roughly $82 million series 2025 GO promissory notes. The outlook is stable. The rating action reflects our view of the district?s continued property tax base growth and consistently positive operations and healthy reserves during the past few years. The rating reflects the application of its criteria, ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024, on RatingsDirect. The district's unlimited-tax GO pledge secures the GO bonds and promissory notes. The notes represent the first batch of $89 million of electorate-approved debt, and the
