Standard&Poor's Ratings Services affirmed its 'AA-/A-1+' rating on Holt Public Schools, Mich.'s general obligation bonds, series 2002, due to the bank facility being extended to Oct. 1, 2012. The long-term component of the rating reflects the additional security provided by the Michigan School Bond Loan Fund program. The short-term component of the rating is based on the rating on Landesbank Hessen-Thueringen Girozentrale, guaranteed. The stable outlook is based on the outlook of the obligor. USPF Criteria: "Bank Liquidity Facilities," June 22, 2007