S&P Global Ratings assigned its 'AAA' long-term rating and 'AA-' underlying rating to Fort Stockton Independent School District, Texas' approximately $16.6 million series 2024 unlimited-tax school building bonds. S&P Global Ratings also affirmed its 'AA-' underlying rating on the district's existing general obligation bonds. The outlook is stable. An unlimited ad valorem tax pledge secures the bonds. The 'AAA' rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund (PSF) bond guarantee program; more details can be found below. The 2024 bonds will be used to fund renovations and upgrades to district facilities as well as technology purchases. For Stockton ISD's tax base has grown by over 77% in the past three years,
