S&P Global Ratings assigned its 'AA-' long-term rating to Roseland Elementary School District , Calif.'s anticipated $3.3 million (election of 2024) series 2025 general obligation (GO) bonds. The outlook is stable. The rating reflects the application of our ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024. Revenue from the district's unlimited ad valorem property tax secures the GO bonds. In our view, the district's historical trend of mostly positive operating results and its healthy available reserve position support its general creditworthiness, although these strengths are partially offset by its weaker local income metrics compared with those of similarly rated peers and projections for deficit spending through fiscal 2027. That said, the district's routine budget monitoring and conservative
