S&P rates Beaumont I.S.D., Texas, building bonds AAA

Standard & Poor's said it assigned an AAA program rating and A+ issuer credit rating with stable outlook to Beaumont Independent School District, Texas' $90 million of series 2008 unlimited-tax general obligation school building bonds.

At the same time, S&P affirmed its AAA program rating and A+ issuer credit rating with stable outlook on the district's previously issued G.O. debt and the district's series 2004 unlimited-tax, adjustable-rate, current-interest G.O. refunding bonds.

The program rating reflects the enhancement of the Texas Permanent School Fund.

The 2008 bonds are dated March 15 and due Feb. 15, 2038.

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