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S&P rates Spring Branch ISD, Texas, G.O. bonds AAA
Standard & Poor's said it assigned an AAA program rating and AA issuer credit rating to Spring Branch Independent School District, Texas' $200 million of series 2008 limited-tax general obligation schoolhouse bonds.
The outlook is stable.
The program rating reflects a guarantee provided by the Texas Permanent School Fund.
S&P also said it affirmed its AAA program rating and AA issuer credit rating, with stable outlook, on the district's previously issued G.O. debt.
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