Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Roseland School District, Calif.'s Election of 2012, series 2015B general obligation (GO) bonds. At the same time, we affirmed our 'A' long-term rating and underlying rating (SPUR) on the district's certificates of participation (COPs) outstanding. The outlook is stable. The rating reflects our opinion of the district's: Balanced to positive financial performance and maintenance of very strong available fund balances with limited inter-year volatility; Steady average daily attendance (ADA), a measure of enrollment that drives operating revenues under the state funding formula, with projected future growth; and Good financial management policies. We believe somewhat offsetting factors include the district's: Economic concentration in agricultural outputs with good to low income
