S&P Global Ratings assigned its 'AAA' long-term program rating and 'AA+' underlying rating to Fort Bend Independent School District, Texas' remarketed series 2015A variable-rate unlimited-tax school building bonds. The outlook is stable. The rating is being applied to the district's remarketed bonds, with a new term period beginning Aug. 1, 2018. During the term period, the bonds will bear interest at a term rate determined by the remarketing agent and will not be subject to tender or supported by a liquidity facility. Following the expiration of the new term period, the bonds will be subject to mandatory tender. If the bonds are not remarketed at the end of the current term period, the district is not obligated to purchase said
