S&P Global Ratings assigned its 'AA+' long-term rating to Hurst-Euless-Bedford Independent School District (ISD), Texas' estimated $17.6 million series 2026 unlimited tax refunding bonds. At the same time, we affirmed our 'AA+' long-term rating and underlying rating on the district's existing GO debt. The outlook is stable. Revenue from an unlimited ad valorem tax levied on all taxable property in the district secures the bonds. Proceeds will refund a portion of outstanding debt for savings. The rating reflects our view of Hurst-Euless-Bedford ISD's very strong reserves, history of positive operating results, stable enrollment, and sizable tax base. We consider the maintenance of reserves key to the rating, given that the district's debt is already elevated and will increase further given
