S&P Global Ratings assigned its ?AAA? long-term rating (based on credit enhancement) and ?A? underlying rating to Frost Independent School District (ISD), Texas? approximately $21.7 million series 2025 unlimited-tax school building bonds. At the same time, S&P Global Ratings affirmed its 'A' underlying rating on the district's general obligation debt outstanding. The outlook on the underlying rating is stable. The rating is based on the application of our ? Methodology For Rating U.S. Governments ,? Sept. 9, 2024. ENGLEWOOD (S&P Global Ratings) June 30, 2025—S&P Global Ratings today took the rating actions listed above. The district's environmental, social, and governance risks relative to its economy, management, financial measures, and debt and liability profile are neutral in our credit analysis. The
