Standard&Poor's Ratings Services raised its issuer credit rating (ICR) three notches to 'A' from 'BBB' on Sweetwater Independent School District, Texas. Standard&Poor's also affirmed its 'AAA' enhanced program rating on the district's outstanding unlimited-tax general obligation (GO) bonds. The raised rating reflects the district's maintenance of its very strong financial position. The outlook on all ratings is stable. The 'AAA' program rating reflects 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 that can be used to meet the debt service on bonds guaranteed by the program. The 'A' ICR, in our view, reflects the district's: Adequate wealth and income
