S&P Global Ratings assigned its 'AA+' long-term rating (based on program enhancement) and 'A+' underlying rating to Warsaw Community Schools, Ind.'s roughly $12 million series 2025 general obligation (GO) bonds and roughly $22.4 million series 2025 unlimited ad valorem property tax first mortgage refunding bonds, issued by the Warsaw Multi-School Building Corp. S&P Global Ratings also affirmed its 'AA+' long-term rating (based on program enhancement) and ?A+? underlying rating on the district?s existing debt. The outlook on all ratings is stable. NEW YORK (S&P Global Ratings) Sep. 23, 2025--S&P Global Ratings today took the rating actions listed above. We view environmental, social, and governance factors as credit neutral in our rating analysis. The stable outlook on the underlying rating reflects