Roseland Elementary School Dist, CA Rating Raised To 'AA-' On Criteria Application; Off Under Criteria Observation

DALLAS (S&P Global Ratings) Feb. 13, 2025--S&P Global Ratings raised its long-term rating on Roseland Elementary School District, Calif.'s general obligation (GO) debt to 'AA-' from 'A+' and removed it from under criteria observation. The outlook is stable. "The upgrade is based on the application of our 'Methodology For Rating U.S. Governments' criteria," said S&P Global Ratings credit analyst Caroline Baird. The criteria were published Sept. 9, 2024, on RatingsDirect. Revenue from the district's unlimited ad valorem property tax secures the GO bonds. "The stable outlook reflects our view of the district's growing tax base. It also reflects our belief that the district will maintain its healthy reserve position, supported by healthy enrollment trends and conservative budget assumptions," added Ms.

...February 13, 2025 DALLAS (S&P Global Ratings) Feb. 13, 2025--S&P Global Ratings raised its long-term rating on Roseland Elementary School District, Calif.'s general obligation (GO) debt to '##-' from 'A+' and removed it from under criteria observation. The outlook is stable. "The upgrade is based on the application of our 'Methodology For Rating U.S. Governments' criteria," said S&P Global Ratings credit analyst Caroline Baird. The criteria were published Sept. 9, 2024, on RatingsDirect. Revenue from the district's unlimited ad valorem property tax secures the GO bonds. "The stable outlook reflects our view of the district's growing tax base. It also reflects our belief that the district will maintain its healthy reserve position, supported by healthy enrollment trends and conservative budget assumptions," added Ms. Baird....

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