Standard&Poor's Ratings Services affirmed its 'AAA' program rating and 'BBB' issuer credit rating (ICR), with a stable outlook, on Bishop Consolidated Independent School District, Texas' general obligation (GO) debt. The program rating reflects the Texas Permanent School Fund guarantee's strength and liquidity. The ICR reflects the district's: Local economy and property tax base, which are highly concentrated in the petrochemical industry; and Volatile property tax base, susceptible to fluctuations in assessed value (AV) due to the dominate presence of the oil and gas industry. The district's solid financial position with healthy reserves mitigates, in part, these factors. Bishop Consolidated Independent School District serves Bishop, Texas, with a population estimate of 3,305, four miles northeast of Kingsville, Texas in
