Standard&Poor's Ratings Services raised its rating on East Pennsboro Area School District, Pa.'s general obligation (GO) debt one notch to 'A+' from 'A'. The outlook is stable. The upgrade reflects our assessment of, what we consider, the district's strong historical finances and improved economic indicators during a period of contracting state aid and increasing pension contributions. The district's full-faith-and-credit GO pledge secures the bonds. The bonds, however, are still eligible for the Pennsylvania State Aid Intercept program. The 'A' program rating serves as a credit floor for the bonds. If we were to lower the rating on the district's GO debt below the 'A' level, the program rating would then be in effect. The 'A+' rating reflects our
