S&P Global Ratings raised its rating to ?AA-? from 'A+' on Van Meter Community School District , Iowa's general obligation (GO) debt outstanding. At the same time, S&P Global Ratings assigned its ?AA-? long-term rating to the district?s $8 million series 2025 GO school bonds. The outlook is stable. The upgrade reflects multiple years of positive operating results leading to healthy reserves, which we expect the district will sustain due to its operational balance and rising enrollment. The rating is based on the application of our ? Methodology For Rating U.S. Governments ,? criteria, published Sept. 9, 2024. The district's unlimited ad valorem property tax pledge secures the bonds, and the proceeds will be used to add classroom space and
