S&P Global Ratings assigned its 'AAA' program rating and 'A' long-term rating to Bishop Consolidated Independent School District (CISD), Texas' $20 million unlimited-tax school building bonds, series 2024. At the same time, S&P Global Ratings affirmed its 'A' underlying rating on the district's general obligation (GO) debt outstanding. The outlook is stable. The bonds are secured by an unlimited ad valorem tax levied annually against all taxable property within the district. The 'AAA' rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund (PSF) bond guarantee program. Proceeds from the series 2024 issuance will be used for upgrades to school facilities; campus-wide security improvements; a new transportation center; warehouse and police headquarters; and
