S&P Global Ratings assigned its 'AA-' long-term rating to Saranac Lake Central School District , N.Y.'s $8.095 million series 2025 GO bonds. At the same time, S&P Global Ratings affirmed its 'AA- ? long-term rating on the district's existing debt. The outlook is stable. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. NEW YORK (S&P Global Ratings) May 19, 2025--S&P Global Ratings today took the rating actions listed above. In our view, given the lack of statutory authority for local governments in New York state to prefund other postemployment benefit (OPEB) contributions through a dedicated trust, and particularly when considering the district's large OPEB liability, governance risks are somewhat elevated
