S&P Global Ratings assigned its 'AA+' rating to Cass County R-III School District (Pleasant Hill), Mo.'s $8.34 million series 2023 general obligation (GO) refunding bonds. At the same time, S&P Global Ratings assigned its 'AA+' rating to the district's $4 million series 2023A GO bonds. The outlook is stable. Participation in the Missouri Direct Deposit Program secures the bonds. The series 2023 GO refunding bonds will be used to refund certain maturities of the district's outstanding GO bonds. The series 2023A GO bonds will be used for various facility improvements. The long-term rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit Program. The state credit enhancement rating is one notch below the Missouri