S&P ups Humble I.S.D., Texas, debt to AA-

Standard & Poor's said it raised its underlying rating and issuer credit rating on Humble Independent School District, Texas' general obligation debt to AA- from A+.

The outlook is stable.

At the same time, S&P said it assigned the AA long-term rating and stable outlook to the district's $73.35 million of series 2008A unlimited-tax G.O. school building bonds.

S&P also said it gave the AAA program rating and AA- issuer credit rating and stable outlook to the district's $23.4 million of series 2008B unlimited-tax G.O. refunding bonds.

The program rating reflects a guarantee of the Texas Permanent School Fund.

In total, the rating action affects about $530 million of outstanding debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.