S&P Global Ratings assigned its 'AA+' rating to Madison Metropolitan School District, Wis.' anticipated $105 million series 2023 general obligation (GO) school building and facility improvement bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the district's existing GO debt. The outlook is stable. The 2023 bonds are the third and final tranche of $317 million in GO debt authorized by district voters in a November 2020 referendum. The bonds issued pursuant to this authorization finance various improvements to all four district high schools, land acquisition and the construction of a new elementary school, and the remodeling of an existing school to relocate a high school, among other projects. The bonds are secured by the district's
