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S&P ups New Caney I.S.D. to A, assigns AAA enhanced rating
Standard & Poor's said it raised its issuer rating on New Caney Independent School District, Texas, to A from A- and assigned its AAA enhanced program rating to the district's $59.5 series 2008 unlimited-tax general obligation school building bonds. The outlook is stable.
The bonds are dated June 15, 2008 and are due Feb. 15, 2038.
The enhanced rating, which also applies to the district's existing debt, is based on the guarantee of the Texas Permanent School Fund.
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