S&P Global Ratings assigned its 'AA' long-term rating to Newark Unified School District (USD), Calif.'s anticipated $30 million general obligation (GO) bonds, election of 2024, series A; and $4 million 2025 GO refunding bonds. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property within the district secures the GO bonds. The Alameda County Board of Supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The proceeds of the series A bonds will be used for various capital projects within the district, while the 2025 GO refunding bonds will refund the district?s 2011A and 2011B bonds outstanding. The 'AA' rating reflects our view of the district's strong
