Standard&Poor's Ratings Services assigned its 'AAA' long-term rating and 'AA+' underlying rating to Hurst-Euless-Bedford Independent School District, Texas' series 2015A unlimited-tax refunding bonds and taxable series 2015B unlimited-tax refunding bonds. At the same time, Standard&Poor's affirmed its 'AA+' long-term rating and underlying rating on the district's general obligation debt outstanding. The outlook is stable. The 'AAA' enhanced program rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund 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. The 'AA+' rating reflects our view of the district's: Stable and largely developed economy
