Summary: Stanislaus Union School District, California; General Obligation

S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' underlying rating (SPUR) on Stanislaus Union School District, Calif.'s general obligation (GO) debt outstanding. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the district's estimated $10 million 2021 series A (election of 2020) general obligation (GO) bonds. The outlook is positive. Inclusive of this issue, the district's direct debt outstanding totals approximately $29 million. The outlook revision reflects our belief that there is at least a one-in-three chance we will raise the rating during the two-year outlook period. The district's economic growth continues to improve, and consistent, conservative budgeting and enrollment growth have led to positive budgetary performance and very strong

...S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' underlying rating (SPUR) on Stanislaus Union School District, Calif.'s general obligation (GO) debt outstanding. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the district's estimated $10 million 2021 series A (election of 2020) general obligation (GO) bonds. The outlook is positive. Inclusive of this issue, the district's direct debt outstanding totals approximately $29 million. The outlook revision reflects our belief that there is at least a one-in-three chance we will raise the rating during the two-year outlook period. The district's economic growth continues to improve, and consistent, conservative budgeting and enrollment growth have led to positive budgetary performance and very strong reserves. Over the next two years, should management continue to outperform budgetary expectations, alongside continued economic and enrollment growth, we could raise the rating. Revenue...

Summary