S&P Global Ratings assigned its 'A+' rating to Beauregard Parish School Board, La.'s $26 million series 2023 general obligation (GO) school bonds. At the same time, S&P Global Ratings affirmed its 'A+' rating on the district's GO debt outstanding. The outlook is stable. The bonds are general obligations of the issuer and are payable from unlimited ad valorem taxes on all taxable property within the boundaries of the district. Bond proceeds will be used to fund various capital improvements and equipment purchases. Located in southwestern Louisiana, Beauregard Parish School Board has a concentrated economy that is focused on oil-and-gas-related activity. However, the level of concentration has historically been stable, and the presence of midstream and downstream oil and gas activity
