S&P Global Ratings assigned its 'AA' long-term rating to Port Washington-Saukville School District, Wis.' general obligation (GO) school improvement bonds dated July 5, 2017. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the district's existing GO debt. The outlook is stable. The rating reflects our view of the district's: Participation in the diverse Milwaukee metropolitan area economy; Good income and very strong market value per capita indicators; Projected stable enrollment trend, which will help the district to maintain balanced financial operations because of the state's per pupil revenue funding limit; Very strong general fund reserves paired with good financial management practices; and Moderate net debt as a percent of market value. The bonds are the
