S&P Global Ratings assigned it 'A' long-term rating to K-12 School District No. 15-6 (Florence-Carlton), Mont.'s $15.975 million series 2019 general obligation (GO) school building bonds. The outlook is stable. The district's pledge to levy an unlimited ad valorem tax on taxable property within the district secures the bonds. The proceeds from the 2019 GO bonds will finance construction of new K-8 classrooms, an auditorium, locker rooms, and for various additional improvements. The district's profile as a mostly residential community has provided economic stability in recent history, and a likewise stable enrollment. The district has maintained relatively stable finances in recent history, but major capital projects have put a strain on its operating budget. With the levy of a new
