Standard&Poor's Ratings Services has assigned its 'A' rating to Bishop Consolidated Independent School District, Texas' series 2009 unlimited tax school building bonds. In addition, Standard&Poor's affirmed its 'AAA' enhanced rating and 'A' issuer credit rating (ICR) on the district's GO debt outstanding. The outlook on both ratings is stable. The enhanced rating is based on the strength and liquidity of the Texas Permanent School Fund Guarantee. In our opinion, the 'A' ICR reflects the district's: Healthy assessed valuation growth and an extremely strong market value per capita due to the presence of the petrochemical industry in the area; and Continued strong financial performance and very strong general fund reserves. In our opinion, the district's credit strengths
