S&P Global Ratings assigned its 'AA+' long-term rating to Jefferson County C-1 School District (Windsor), Mo.'s $9.5 million series 2023 general obligation (GO) refunding bonds. The outlook is stable. Participation in the Missouri Direct Deposit Program secures the bonds, as well as an unlimited ad valorem property tax GO pledge. The bond proceeds will be used to refund $9.5 million principal amount of the district's series 2018 GO bonds that will be called for early redemption on March 1, 2023. The long-term 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 GO rating (AAA/Stable), reflecting: Our view of
