S&P Global Ratings assigned its 'AAA' long-term rating and 'A+' underlying rating to Sweetwater Independent School District (ISD), Texas' approximately $36.010 million series 2023 unlimited-tax school building bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's general obligation (GO) debt outstanding. The outlook is stable. Revenue from an unlimited ad valorem tax on all property within the ISD secures the bonds. Bond proceeds will be used for a new high school career technical education (CTE) and gym complex, as well as various other districtwide improvements. Sweetwater ISD is in west-central Texas, approximately 40 miles west of Abilene. Although the regional economy is primarily centered on wind energy and oil and gas production, the
