Standard&Poor's Ratings Services has revised its outlook to stable from negative and affirmed its 'A' underlying rating on Romeo Community School District, Mich.'s existing general obligation (GO) bonds. The district's unlimited-tax, full faith and credit GO pledge secure the district's outstanding bonds. The revised outlook reflects the district's recent and projected improved budgetary performance. The underlying rating reflects our assessment of the district's: Participation in the Macomb County economic opportunities; Good to strong income indicators and very strong market value per capita; Maintenance of good reserves despite recent weak budgetary performance; and Low to moderate overall net debt. We consider the declining enrollment (which is tied directly to state aid) and recent use of reserves, although less than
