Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on Bushland Independent School District, Texas general obligation (GO) debt three notches to 'A+' from 'BBB+' based on the district's maintenance of strong financial reserves and continued property tax base expansion. The outlook is stable. Standard & Poor's also assigned its 'A+' long-term rating, and stable outlook, to the district's series 2009 unlimited-tax GO school building bonds. In addition, Standard & Poor's affirmed its 'AAA' program rating, with a stable outlook, on the district's GO debt. The 'AAA' program rating reflects the Texas Permanent School Fund guarantee. The upgrade also reflects our view of the reduced significance that size has on credit quality. The 'A+' ratings reflect our opinion...
Companies mentioned in this report are:
- Bushland Indpt Sch Dist
- Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
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