Standard&Poor's Ratings Services assigned its 'AA+' underlying rating and 'AA+' long-term rating to Saratoga Springs City School District, N.Y.'s school district 2015 serial bonds. At the same time, Standard&Poor's affirmed its 'AA+' long-term rating on the district's existing debt. The outlook is stable. The district's faith and credit general obligation (GO) pledge secures the bonds. We understand that officials will use bond proceeds to make improvements and alterations to various district buildings and to purchase buses. The 'AA+' long-term rating is based on our view of the district's: Participation in the diverse regional employment base of the Albany-Schenectady-Troy metropolitan statistical area; Extremely strong wealth and income indicators; Healthy operations that have contributed to what we consider