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S&P ups Hays school district, rates bonds AAA
Standard & Poor's said it raised its issuer credit rating on Hays Consolidated Independent School District, Texas, to A+ from A and assigned an AAA enhanced program rating to the district's $86.7 million series 2008 unlimited-tax school building bonds based on the guarantee of the Texas Permanent School Fund.
The upgrade is based on the district's continued tax base growth and consistently strong financial position, S&P said.
The outlook is stable.
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