S&P Global Ratings assigned its 'AAA' long-term rating (based on credit enhancement) and 'A+' underlying rating to Round Lake-Brewster Independent School District (ISD) No. 2907 , Minn.'s approximately $10.0 million series 2025A general obligation (GO) school building bonds. At the same time, we affirmed our 'A+' underlying rating on the district's GO debt outstanding. The outlook is stable. The underlying rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. ENGLEWOOD (S&P Global Ratings) May 14, 2025--S&P Global Ratings today took the rating actions listed above. We view environmental, social, and governance factors as neutral within our credit rating analysis. The stable outlook reflects our expectation that reserves will remain stable at or