Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA-' issuer credit rating (ICR) to Eagle Mountain-Saginaw Independent School District, Texas' series 2010A unlimited tax qualified school construction bonds (QSCBs; direct pay), and series 2010B and series 2010C unlimited tax school building bonds. The series 2010C unlimited tax school building bonds will be issued as Build America Bonds. In addition, Standard & Poor's assigned its 'AA-' long-term to the series 2010D unlimited tax refunding bonds. The enhanced program rating has not been assigned to the series 2010D bonds. The outlook is stable. At the same time, Standard & Poor's affirmed its 'AAA' enhanced program rating and 'AA-' ICR and underlying rating (SPUR) on the district's existing general...
Companies mentioned in this report are:
- Eagle Mountain-Saginaw Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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