Standard&Poor's Ratings Services assigned its 'AAA' program rating and 'A+' school issuer credit rating (ICR) and stable outlook to Fort Stockton Independent School District, Texas' series 2012 unlimited-tax general obligation (GO) school building bonds and affirmed its 'AAA' program rating and 'A+' ICR, with a stable outlook, on the district's existing GO debt. Standard&Poor's also affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the district's GO debt not issued under the Texas Permanent School Fund program. The program rating reflects our assessment of the Texas Permanent School Fund's strength and liquidity. The 'A+' ratings reflect our opinion of the district's: Extremely strong market value per capita; Very strong finances; and Low overall debt
