...S&P Global Ratings has assigned its '##' program rating and 'A+' underlying rating to Weathersfield Local School District, Ohio's series 2020 general obligation (GO) refunding bonds. At the same time, we affirmed our 'A+' underlying rating on the district's existing GO bonds. The outlook on all ratings is stable. The district's unlimited-tax ad valorem property tax revenue, along with its full faith and credit, secure the series 2020 bonds. Weathersfield Local School District will use the series 2020 bond proceeds to refund the district's series 2012 GO bonds for cost savings. The '##' long-term rating reflects our assessment of the district's eligibility for, and participation in, the Ohio State Aid Intercept program. The state credit enhancement rating is one notch below our GO rating on Ohio (##+/Stable), reflecting our view of: + State aid appropriation risks, which are partially mitigated by strong state support for the program and consistent and well-established state aid funding;...
