S&P Global Ratings assigned its 'AA+' long-term enhanced rating and 'AA-' underlying rating to Southwest Allen County Metropolitan School District, Ind.'s roughly $17.345 million series 2024 general obligation (GO) bonds based on the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, S&P Global Ratings affirmed its 'AA+' long-term enhanced rating and 'AA-' underlying rating on the district's existing GO debt. The outlook is stable. Ad valorem property taxes, levied on all taxable property within the district, secure the series 2024 GO bonds and existing debt. The ad valorem-property-tax pledge is subject to state circuit-breaker legislation, which caps the property tax burden for taxpayers based on a percent of a
