S&P Global Ratings raised the rating on Westfield-Washington Public Library, Ind.'s general obligation (GO) debt one notch to 'A+' from 'A'. The rating action reflects our opinion of materially improved finances and reserves and rapidly improving economic metrics in the broader region. The outlook is positive, reflecting its continued strong finances, which we expect the district will likely sustain, and rapidly improving local economy. The rating reflects the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. Ad valorem property tax revenue, subject to the state circuit breaker, secures the GO bonds; the circuit breaker places caps on the tax burden for individual properties based on the class of property. However, the district must fund debt service
