S&P Global Ratings assigned its 'AA+' long-term rating and stable outlook to Hurst-Euless-Bedford Independent School District, Texas' series 2017A unlimited-tax general obligation (GO) refunding bonds, which do not qualify for the Texas Permanent School Fund guarantee. At the same time, S&P Global Ratings assigned its 'AAA' program rating and 'AA+' underlying rating for credit program, with a stable outlook, to the district's series 2017B unlimited-tax GO refunding bonds issued under the Texas Permanent School Fund bond guarantee program. S&P Global Ratings also affirmed its 'AA+' long-term rating and underlying rating, with a stable outlook, on the district's existing GO debt. The enhanced program rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund,
