S&P Global Ratings assigned its 'AA-' rating to Eastport-South Manor Central School District (CSD), N.Y.'s series 2022A $17.13 million and series 2022B $7.33 million general obligation (GO) school district refunding bonds. At the same time, we affirmed our 'AA-' rating on the district's outstanding GO debt, as well as the "AA-" rating on the New York State Dormitory Authority's (DASNY) series 2012G bonds, of which the district is a member. The outlook is stable. The district's faith and credit secures the bonds. The proceeds will be used to refund the district's outstanding 2012 and 2013 bonds for net present value savings. DASNY issued the series 2012G bonds on behalf of Eastport-South Manor and Longwood CSD. The bonds represent a faith-and-credit
