DALLAS (Standard&Poor's) Dec. 7, 2009--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 outlook on all ratings is stable. "The raised rating reflects the district's maintenance of its very strong financial position," said Standard&Poor's credit analyst Lauren Spalten. 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
