Fitch Ratings has affirmed Fort Bend Independent School District’s (ISD) ‘AA+’ Long-Term Issuer Default Rating (IDR) and underlying rating on its unlimited tax (ULT) bonds. The district’s financial resilience is rated ‘aaa’, supported by a low midrange budgetary flexibility assessment, strong demographic and economic indicators, and a stable outlook. The ‘AAA’ enhanced rating on the ULT bonds reflects the Texas Permanent School Fund bond guarantee program. The district closed fiscal 2024 with a $11.9 million surplus, maintaining an unrestricted general fund balance at 26% of spending. The district plans to issue remaining authorized debt annually through 2029. Key risks include potential declines in general fund reserves and economic performance.
Fri 18 Apr, 2025