S&P Global Ratings assigned its 'AA-' long-term rating to Kentwood Public Schools, Mich.'s $82.425 million 2023 general obligation (GO) school building and site bonds, series II. At the same time, we affirmed our 'AA-' rating on the district's outstanding bonds. The outlook is stable. The district's full-faith-and-credit and unlimited ad valorem property tax pledges secure the series 2023 GO bonds as well as the district's debt outstanding. 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 series II bonds are the second, and largest, of five series of debt to
