S&P Global Ratings assigned its 'A+' long-term rating to Stanislaus Union School District , Calif.'s roughly $24.875 million election of 2024 series 2025A general obligation (GO) bonds and roughly $9.965 million series 2025 GO refunding bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating (SPUR) on the district's existing GO and GO refunding bonds. The outlook is stable. The rating reflects the application of its criteria, ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024, on RatingsDirect. Revenue from unlimited ad valorem taxes, levied on property in the district, secures the series 2025 and 2025A GO bonds. Officials intend to use series 2025A bond proceeds to fund capital projects districtwide and series 2025 refunding
