S&P Global Ratings assigned its 'AA+' long-term rating to Saratoga Springs City School District (CSD), N.Y.'s $51.5 million general obligation (GO) series 2023 school district serial bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the district's long-term GO debt outstanding. The outlook is stable. The district's faith-and-credit pledge secures the bonds. Bond proceeds will finance bus purchases and renovations to all eight school buildings and the transportation facility, as authorized by voters in 2020. Saratoga Springs CSD serves all of Saratoga Springs and portions of nearby towns, reflecting a commercial-industrial center and growing local economy best known for the Saratoga Race Course, performing arts center, and Skidmore College. District residents also benefit from employment opportunities
