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S&P takes North Forest I.S.D., Texas, off watch
Standard & Poor's said it removed from CreditWatch with negative implications its BB issuer credit rating and underlying rating on North Forest Independent School District, Texas' general obligation debt.
About $68 million of debt is affected.
The outlook on the debt is negative.
S&P also affirmed the AAA rating and stable outlook on the district's bonds guaranteed by the Texas Permanent School Fund.
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