KBRA Assigns AA Rating with Stable Outlook to Magnolia Independent School District, TX Series 2026 Unlimited Tax School Building Bonds

Source Summary

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA to the Magnolia Independent School District, TX Series 2026 Unlimited Tax School Building Bonds. Concurrently, KBRA assigns a long-term rating of AA to outstanding parity lien Unlimited Tax School Building Bonds. The rating Outlook is Stable. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives Diverse and rapidly growing tax base provides a reliable source of repay