S&P Global Ratings assigned its 'AA+' long-term rating (based on program enhancement) and 'A+' underlying rating to Warsaw Community Schools, Ind.'s roughly $12 million series 2025 general obligation (GO) bonds and roughly $22.4 million series 2025 unlimited ad valorem property tax first mortgage refunding bonds, issued by the Warsaw Multi-School Building Corp. S&P Global Ratings also affirmed its 'AA+' long-term rating (based on program enhancement) and ?A+? underlying rating on the district?s existing debt. The outlook on all ratings is stable. The 2025 GO bonds are secured by, and reflect our view of, the district's ad valorem property tax pledge, subject to state circuit-breaker tax caps, which caps the property tax burden for taxpayers based on a percent of the
