Standard & Poor’s last week raised the Jones County School District’s underlying general obligation bond rating to A-plus from A-minus.

The outlook is stable and reflects the area’s expanding economic base and expectations that management will maintain balanced financial operations and sustain sound reserve levels, said a report by analyst Kate Choban.

The upgrade applies to $48 million of outstanding GOs and also reflects the district’s low debt burden coupled with limited future capital needs, Choban said.

The 702-square-mile school district is Mississippi’s eighth largest.

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