S&P Global Ratings assigned its 'A+' long-term rating to Roseland Elementary School District, Calif.'s estimated $3 million series B (election of 2020) general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's GO debt outstanding. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property within the district secures the district's GO bonds. Proceeds from the series B bonds will be used to finance specific construction, rehabilitation, or replacement projects and to pay the cost of issuance. Our rating is based on the district's strong finances and good financial management assessment (FMA) score, and partly offset by its more limited economic indicators. The district is located in
