S&P Global Ratings assigned its 'AA+' rating to Greene County School District No. R-II (Willard), Mo.'s roughly $7 million series 2025A general obligation (GO) refunding bonds. The outlook is stable. Participation in the Missouri Direct Deposit of State Aid program secures the bonds. Officials intend to use series 2025A bond proceeds to refund the district's series 2017 GO school building bonds. The rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program. The state credit-enhancement rating is one notch below the Missouri issuer credit rating, reflecting our view of: State-aid-appropriation risk, partially mitigated by strong state support for the program and consistent, well-established state aid funding; Maximum annual debt service
