S&P Global Ratings assigned its 'AA+' long-term rating to Johnson County R-III School District (Holden), Mo.'s series 2017 general obligation (GO) refunding bonds. The outlook is stable. The bond proceeds will advance crossover refund the district's series 2014 GO bonds for interest cost savings. Although the financing is an advance crossover, the district's intercepts are scheduled to cover debt service through the crossover period so that there is no reliance on the escrow. In 1995, the Missouri Legislature adopted Senate Bill 301, which established a program to assist Missouri school districts with their financing needs. This rating moves in tandem with the state GO rating, keeping the relative rating differential between the program and state GO rating constant. Any school
