S&P Global Ratings assigned its 'A+' long-term rating to Roseland Elementary School District, Calif.'s election of 2012, 2019 series C general obligation (GO) bonds. At the same time, we affirmed our 'A+' underlying rating (SPUR) on the district's existing GO bonds. The outlook is stable. Following this issuance, the district will have total outstanding direct debt of about $9.9 million including the GO bonds and the district's 2015 refunding lease financing. The GO bonds are secured by unlimited ad valorem taxes levied on taxable property in the district. The Sonoma County Board of Supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when
