Summary: Kentwood Public Schools, Michigan; General Obligation

S&P Global Ratings assigned its 'AA-' long-term rating to Kentwood Public Schools, Mich.'s $18.075 million 2022 general obligation (GO) school building and site bonds, series I, and affirmed its 'AA-' rating on the district's outstanding bonds. The outlook is stable. The bonds are secured by the full faith credit and unlimited ad valorem property tax pledge of the district. In May 2021, voters approved a $192 million bond package to fund school safety upgrades, curriculum enhancements, and wellness initiatives. The bond package will also support construction at the district's 10 elementary schools and building a career-technical center. The 2022 bonds are the first of five series of debt to be issued over an eight- to 14-year period. Kentwood Public Schools'

...S&P Global Ratings assigned its '##-' long-term rating to Kentwood Public Schools, Mich.'s $18.075 million 2022 general obligation (GO) school building and site bonds, series I, and affirmed its '##-' rating on the district's outstanding bonds. The outlook is stable. The bonds are secured by the full faith credit and unlimited ad valorem property tax pledge of the district. In May 2021, voters approved a $192 million bond package to fund school safety upgrades, curriculum enhancements, and wellness initiatives. The bond package will also support construction at the district's 10 elementary schools and building a career-technical center. The 2022 bonds are the first of five series of debt to be issued over an eight- to 14-year period....

Summary