S&P Global Ratings assigned its 'AA+' rating to Johnson County R-III School District (Holden), Mo.'s series 2019 general obligation (GO) bonds based on their eligibility for, and participation in, the Missouri Direct Deposit of State Aid Program. The outlook is stable. Officials intend to use 2019 bond proceeds to construct safety and security initiatives, to complete energy efficiency projects, to complete roof replacement and repairs, to repair or pave parking lots, and to complete other repair upgrades to existing facilities. Additionally, the bonds are valid and legally binding GOs of the district payable from ad valorem taxes which may be levied without limitation as to rate or amount on all taxable, tangible property within the territorial limits of the district.
