S&P Global Ratings assigned its 'AA+' long-term rating to Hurst-Euless-Bedford Independent School District (ISD), Texas' $5.45 million series 2021 unlimited-tax refunding bonds. At the same time, we affirmed our 'AA+' rating on the district's existing general obligation (GO) debt. The outlook is stable. Revenue from an unlimited ad valorem tax on all property within the district secures the bonds. The bond proceeds will refund the district's series 2010 debt outstanding for savings. Hurst-Euless-Bedford ISD is in the northeast portion of Tarrant County, approximately 15 miles east of Fort Worth and just over 20 miles west of Dallas. The district has a large and growing local economy, which has led to continuous enrollment growth before 2020. While there was a decline
