S&P Global Ratings assigned its 'AA' long-term credit-enhanced rating and 'A' underlying rating to the School District of the City of Lincoln Park, Mich.'s $6 million series 2024 general obligation (GO) school-building-and-site bonds series I, based on the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also affirmed its 'A' underlying rating on the district's existing GO debt. The outlook is stable. The district's full faith, credit, resources, and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the 2024 school building and site bonds and existing GO debt. The bonds are further secured by participation in the Michigan School Bond Loan Fund program.
