S&P Global Ratings raised its long-term rating on Roseland Elementary School District, Calif.'s general obligation (GO) debt to 'AA-' from 'A+' and removed it from under criteria observation. The outlook is stable. The rating change is based on the application of our "'Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. Revenue from the district's unlimited ad valorem property tax secures the GO bonds. In our view, the district's historical trend of mostly positive operating results and its healthy available reserve position support its general creditworthiness, although these strengths are partially offset by its weaker local income metrics compared to those of similarly-rated peers and projections for deficit spending through fiscal 2027. That said, the district's routine budget
