Summary: Celina Independent School District, Texas; School State Program

S&P Global Ratings assigned its 'A+' underlying rating and 'AAA' long-term program rating to Celina Independent School District, Texas' anticipated $75 million unlimited-tax school building bonds, series 2021. At the same time, we affirmed our 'A+' rating on the district's GO bonds outstanding. The outlook is stable. The bonds are payable from an unlimited ad valorem tax levied against all taxable property within the district. We understand the bond proceeds will be used to complete the construction of a new middle school, begin construction of a new elementary school, and purchase land for future school sites. The 'AAA' long-term rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund (PSF) bond guarantee program,

...S&P Global Ratings assigned its 'A+' underlying rating and '###' long-term program rating to Celina Independent School District, Texas' anticipated $75 million unlimited-tax school building bonds, series 2021. At the same time, we affirmed our 'A+' rating on the district's GO bonds outstanding. The outlook is stable. The bonds are payable from an unlimited ad valorem tax levied against all taxable property within the district. We understand the bond proceeds will be used to complete the construction of a new middle school, begin construction of a new elementary school, and purchase land for future school sites. The '###' long-term rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund (PSF) bond guarantee program, which provides the security of a permanent fund of assets the district can use to meet debt service on bonds guaranteed by the program. The stable outlook on the '###' program rating reflects our view of the strength of...

Summary