...May 16, 2019 SAN FRANCISCO (S&P Global Ratings) May 16, 2019--S&P Global Ratings assigned its 'A+' long-term rating to Roseland Elementary School District, Calif.'s election of 2012, 2019 series C general obligation (GO) bonds. At the same time, we affirmed our 'A+' underlying rating (SPUR) on the district's existing GO bonds. The outlook is stable. "The ratings reflect our view of the district's growing tax base, very strong reserve levels that have been sustained during the past two fiscal years, and good financial management policies and practices, offset by low per capita incomes and exposure to the California state funding environment," said S&P Global Ratings credit analyst Tim Tung. The stable outlook reflects our expectation that the district will produce at least balanced operations during the two-year outlook period, and that the district will maintain general fund reserves at levels that we consider very strong. We further anticipate that enrollment could modestly decline, but...
