S&P Global Ratings assigned its 'A+' long-term rating to Ceres Unified School District, Calif.'s roughly $40 million (election of 2024) series 2025A general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's existing GO debt. S&P Global Ratings also affirmed its 'A' SPUR on the district's certificates of participation (COPs). The rating reflects the application of our criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property in the district secures the GO bonds. Officials intend to use series 2025A bond proceeds to fund the acquisition, construction, furnishing, and equipping of
