Ontario-Montclair School District and Ceres Unified School District, CA Series 2016C & 2016 GO Bond Ratings Withdrawn

SAN FRANCISCO (S&P Global Ratings) March 25, 2020--S&P Global Ratings has withdrawn its 'A+' underlying rating for credit program on Ontario-Montclair School District, Calif.'s series 2016C general obligation (GO) refunding bonds (2019 crossover refunding) and Ceres Unified School District, Calif.'s series 2016C GO refunding bonds 2016 GO crossover refunding bonds.
On June 1, 2016 and June 24, 2016, we incorrectly applied the 'A+' underlying rating for credit program to these series of bonds based on the presence of an enhancement program, however, there is no enhancement program applicable on these series of bonds. The 'A+' underlying rating (SPUR) for both series of bonds remains unchanged.
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