Standard&Poor's Ratings Services raised its school issuer credit rating (ICR) and long-term rating on Fort Stockton Independent School District, Texas' general obligation (GO) debt one notch to 'AA-' from 'A+'. The outlook is stable. The upgrade reflects our assessment of the district's continued strong financial performance despite significant property tax base decreases. In addition, Standard&Poor's assigned its 'AAA' program rating and 'AA-' school ICR and stable outlook to the district's series 2014 unlimited-tax GO school building bonds. At the same time, Standard&Poor's affirmed its 'AAA' program rating, with a stable outlook, on the district's existing GO debt. The program rating reflects our assessment of the Texas Permanent School Fund's strength and liquidity. The 'AA-'
