S&P Global Ratings assigned its ?AAA? long-term program and 'AA-? underlying rating to Fort Stockton Independent School District , Texas' approximately $47.72 million series 2025 unlimited-tax school building bonds. S&P Global Ratings also affirmed its 'AA-' rating on the district's existing general obligation (GO) bonds. The outlook is stable. ENGLEWOOD (S&P Global Ratings) July 23, 2025--S&P Global Ratings today took the rating actions listed above. Our analysis incorporates the tax base's concentration in the petrochemical sector, which could increase its exposure to energy transition risks should its top taxpayers be unable to adapt to a changing regulatory landscape. We believe this poses near-term risks in terms of revenue volatility as well as longer-term regulatory risks. However, we note that the
