Standard & Poor's Ratings Services said it raised its rating on Keyes Union School District, Calif.'s general obligation bonds to A from A-minus.
The outlook is stable.
"The higher rating is based on very strong available reserves," said Standard & Poor's credit analyst Lisa Schroeer.
"The rating also reflects our view of the district's ability to maintain good performance during difficult funding years and its low debt levels," she added.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
