OREANDA-NEWS. S&P Global Ratings assigned its 'A+' long-term rating to Crenshaw County Board of Education, Ala.'s series 2016 school tax warrants. The outlook is stable.

"The rating reflects our view of the board's strong maximum annual debt service coverage and limited additional capital needs," said S&P Global Ratings credit analyst Sarah Smaardyk.

The series 2016 warrants do not constitute general obligations of the board, but are limited obligations payable from and secured by a pledge of the proceeds paid to the board from a special 1% school board sales tax. We understand that officials will use bond proceeds to fund energy saving improvements to school buildings.

Crenshaw County is located in south-central Alabama, about 52 miles south of Montgomery and 152 miles northeast of Mobile, and reflects a somewhat limited and concentrated local economy that is centered on manufacturing. Luverne is the county seat.