S&P Global Ratings assigned its 'AA+' rating and stable outlook to Saratoga Springs City School District, N.Y.'s series 2016 general obligation (GO) school district serial bonds and affirmed its 'AA+' rating, with a stable outlook, on the district's existing GO debt. The district's faith-and-credit GO pledge secures the bonds. Officials plan to use series 2016 bond proceeds to fund bus purchases. The rating reflects our opinion of the district's: Participation in the diverse regional employment base of the Albany-Schenectady-Troy metropolitan statistical area (MSA); Strong wealth and income indicators and an extremely strong market value per capita; Conservative budgetary controls, which have resulted in stable and strong financial performance; and Low debt with limited capital and debt needs, but high pension
