S&P Global Ratings assigned its'AAA'long-term rating (based on credit enhancement) and its'AA-'underlying rating to Fort Stockton Independent School District , Texas'approximately $7 million series 2026 unlimited-tax school building bonds. At the same time, we affirmed our'AA-'underlying rating on the district's debt outstanding. The outlook is stable. The series 2026 bonds and outstanding unlimited-tax bonds are secured by an unlimited ad valorem tax pledge levied on all taxable property within the district. The'AAA'long-term rating reflects our view of the district'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
