Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program - S&P Global Ratings’ Credit Research

Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program

Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program - S&P Global Ratings’ Credit Research
Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program
Published Nov 13, 2024
6 pages (2316 words) — Published Nov 13, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long term rating to Fort Stockton Independent School District, Texas' approximately $9.97 million series 2024 maintenance tax notes. S&P Global Ratings also affirmed its 'AA-' underlying rating on the district's existing general obligation (GO) bonds based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. The outlook is stable. The series 2024 notes are secured by a tax levied in the district for maintenance purposes; the tax is limited by law to its operating maintenance levy. We make no rating distinction between the district's unlimited- and limited-tax debt because the taxing base is coterminous with the district and we see no unusual risks regarding the district's willingness to support

  
Brief Excerpt:

...Institutional framework (IF) 2 Individual credit profile (ICP) 2.95 Economy 5.5 Financial performance 2 Reserves and liquidity 1 Debt and liabilities 3.25 Management 3.00...

  
Report Type:

Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program" Nov 13, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Fort-Stockton-Independent-School-District-Texas-General-Obligation-School-State-Program-3282922>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Fort Stockton Independent School District, Texas; General Obligation; School State Program Nov 13, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Fort-Stockton-Independent-School-District-Texas-General-Obligation-School-State-Program-3282922>
  
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