Standard & Poor’s upgraded the Palisades School District’s general obligation debt to AA from A-plus last week, citing the district’s “continually strong financial position.”

“The stable outlook reflects our assessment of the district’s residential tax base and access to a broad regional employment base,” Standard & Poor’s analyst Nicole Ridberg said in a press release. “We also believe the district will be able to maintain its very strong financial position and low debt levels due to its limited future capital needs.”

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