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

S&P Global Ratings assigned its 'AAA' long-term rating and 'A+' underlying rating to Celina Independent School District (ISD), Texas' anticipated $65 million unlimited-tax school building bonds, series 2022. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's general obligation (GO) bonds outstanding. The outlook is stable. The 'AAA' long-term rating reflects our view of Celina ISD'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. (For more information on the program rating, see our analysis on the Texas PSF, published June 25, 2021, on RatingsDirect.)

...S&P Global Ratings assigned its '###' long-term rating and 'A+' underlying rating to Celina Independent School District (ISD), Texas' anticipated $65 million unlimited-tax school building bonds, series 2022. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's general obligation (GO) bonds outstanding. The outlook is stable. The '###' long-term rating reflects our view of Celina ISD'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. (For more information on the program rating, see our analysis on the Texas PSF, published June 25, 2021, on RatingsDirect.) The bonds are payable from an unlimited ad valorem tax levied against all taxable property within the district. Bond proceeds will fund various capital projects, including the completion of an elementary school....

Summary