S&P Global Ratings assigned its 'AA' rating to the Fayette County Board of Education (the district), Ky.'s anticipated $67.945 million series 2024A general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA-' underlying rating on the district's outstanding school building revenue debt, which is secured by lease rental payments. The outlook is stable. The series 2024A bonds are secured by the district's full faith and credit GO pledge. The state constitution and statute set maximum rates and amounts for property tax collections, although these can be exceeded with voter approval. We rate Kentucky local government GO debt based on the application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness" criteria (published Nov.
