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S&P ups Fort Bend I.S.D., Texas, rates G.O. debt AA
Standard & Poor's said it raised the issuer credit rating on Fort Bend Independent School District, Texas' general obligation debt to AA from AA-.
S&P also said it assigned an AAA rating and AA issuer credit rating to the district's $223.695 million of series 2008 unlimited-tax G.O. school building and refunding bonds.
The outlook is stable.
In addition, S&P said it affirmed the AAA rating on the district's parity G.O. debt.
The AAA rating reflects a guarantee provided by the Texas Permanent School Fund.
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