S&P Global Ratings assigned its 'AA' rating to Jefferson Parish School Board, La.'s series 2023 limited-tax bonds ($5.2 million). At the same time, we affirmed our 'AA' rating on the school board's existing limited-tax general obligation (GO) debt. The outlook is stable. The bonds are secured by a first-lien claim on revenue generated by a 2.83-mill ad valorem tax, levied in perpetuity, on all taxable property within the school board's boundaries. The millage rate will be adjusted in each reassessment year so that property value increases or decreases due to the reassessment do not affect the amount of revenues collected. We rate the bonds to be on par with our view of the board's general creditworthiness, as the taxing base
