S&P Global Ratings assigned its ‘AAA’ long-term rating (based on credit enhancement) and ‘A+’ underlying rating to East Central Independent School District (ISD) , Texas’ $100 million series 2026 unlimited-tax school building bonds. The outlook is stable. The bonds are payable from ad valorem taxes levied annually against all taxable property in the district without legal limitation as to rate or amount. The'AAA'long-term rating reflects our view of East Central ISD's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program. For more information on the program rating, see"Texas Permanent School Fund Bond Guarantee Program Rating Affirmed At'AAA',"Aug. 31, 2026. The bond proceeds will be used for the completion of
