Standard & Poor's Ratings Services raised its issuer credit rating (ICR) to 'AA-' from 'A+' on Hays Consolidated Independent School District, Texas. At the same time, Standard & Poor's assigned its 'AAA' enhanced program rating and 'AA-' ICR the district's series 2012 unlimited tax refunding bonds. Finally, Standard & Poor's affirmed its 'AAA' enhanced program rating on the district's existing general obligation (GO) debt. The outlook on all ratings is stable. The raised rating reflects our view of the district's continued economic growth and expansion, as well as its practice of conservative budgeting, which has led to the maintenance of a very strong financial position. The program rating reflects our view of the Texas Permanent School Fund guarantee. The ICR...
Companies mentioned in this report are:
- Hays Cons Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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