S&P Global Ratings assigned its 'A' long-term rating to Cochise County Unified School District No. 13 (Willcox), Ariz.'s $4.4 million series 2023 refunding bonds. At the same time, S&P Global Ratings affirmed its 'A' underlying (SPUR) rating on the district's outstanding general obligation (GO) bonds. The outlook on all ratings is stable. Revenue from unlimited ad valorem taxes levied on property within the district secures the bonds. Proceeds from the series 2023 bonds will be used to establish an irrevocable deposit trust containing monies and certain obligations that will, together with certain reinvestment income thereon, be sufficient to pay, when due, principal of and interest on certain of the district's 2012A and 2013B outstanding GO bonds. Situated southeast of Tucson,
