S&P Global Ratings assigned its 'AA+' long-term rating to Vernon County R-V School District (Nevada), Mo.'s $10.0 million series 2021 general obligation (GO) bonds. The outlook is stable. The bond proceeds will be used to construct a new elementary school; to repair and replace roofs; to upgrade heating, ventilation, and air conditioning (HVAC) systems; to complete improvements to the football stadium; and acquire land for future district expansion. The long-term rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program. The state credit enhancement rating is one notch below the Missouri GO rating (AAA/Stable), reflecting: Our view of state aid appropriation risks, which are partly mitigated by strong state support
