{"id":28038,"date":"2026-06-30T02:53:00","date_gmt":"2026-06-30T00:53:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=e626ab7b47987652aa3c148c182857b0"},"modified":"2026-06-30T02:53:00","modified_gmt":"2026-06-30T00:53:00","slug":"kbra-assigns-aa-rating-with-stable-outlook-to-magnolia-independent-school-district-tx-series-2026-unlimited-tax-school-building-bonds","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=28038","title":{"rendered":"KBRA Assigns AA Rating with Stable Outlook to Magnolia Independent School District, TX Series 2026 Unlimited Tax School Building Bonds"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--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.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260629755893\/en\/2841865\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260629755893\/en\/2841865\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260629755893\/en\/2841865\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260629755893\/en\/2841865\/21\/kbra-logo.jpg\" \/><\/a><p>\n<strong>Key Credit Considerations<\/strong><\/p><p>\nThe rating was assigned because of the following key credit considerations:<\/p><p>\nCredit Positives<\/p><ul class=\"bwlistsquare\">\n<li>\nDiverse and rapidly growing tax base provides a reliable source of repayment for the Bonds.<\/li>\n<li>\nRobust economic profile.<\/li>\n<li>\nStrong projected enrollment growth.<\/li>\n<\/ul><p>\nCredit Challenges<\/p><ul class=\"bwlistsquare\">\n<li>\nSignificant increase in debt following the current issuance.<\/li>\n<li>\nLimited flexibility to generate additional resources based on property tax rate and State school funding restrictions.<\/li>\n<\/ul><p>\n<strong>Rating Sensitivities<\/strong><\/p><p>\nFor Upgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nSignificant growth of the tax base beyond projected levels, coupled with continued positive operating performance that leads to increased reserves.<\/li>\n<\/ul><p>\nFor Downgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nSustained decline in the ad valorem tax base and\/or decreasing enrollment resulting in General Fund deficits and an erosion of reserve levels.<\/li>\n<\/ul><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F69793%2Fissuer-ratings&amp;esheet=54562338&amp;newsitemid=20260629755893&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=ff2439954f5596e732731ab9d634a346\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>Methodology<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FhHSpVTzx&amp;esheet=54562338&amp;newsitemid=20260629755893&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+Local+Government+General+Obligation+Rating+Methodology&amp;index=2&amp;md5=9306ee0998aeebd09ea3898b8b3a87ca\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. Local Government General Obligation Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F69793%2Fdisclosures&amp;esheet=54562338&amp;newsitemid=20260629755893&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=845aba9dd1c869c7cee50a0368966640\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54562338&amp;newsitemid=20260629755893&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=156095f7e39d4b4ef7dc27fa82be77fa\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54562338&amp;newsitemid=20260629755893&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=5&amp;md5=1f40b5fd5dd633d35b3afddaedcf396f\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1015795<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nJoe Plonski, Director (Lead Analyst)\n<br\/>+1 646-731-2353\n<br\/><a  href=\"mailto:joe.plonski@kbra.com\" rel=\"nofollow\" shape=\"rect\">joe.plonski@kbra.com<\/a><\/p><p>\nMallory Yu, Senior Analyst\n<br\/>+1 646-731-1380\n<br\/><a  href=\"mailto:mallory.yu@kbra.com\" rel=\"nofollow\" shape=\"rect\">mallory.yu@kbra.com<\/a><\/p><p>\nDouglas Kilcommons, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3341\n<br\/><a  href=\"mailto:douglas.kilcommons@kbra.com\" rel=\"nofollow\" shape=\"rect\">douglas.kilcommons@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nWilliam Baneky, Managing Director\n<br\/>+1 646-731-2409\n<br\/><a  href=\"mailto:william.baneky@kbra.com\" rel=\"nofollow\" shape=\"rect\">william.baneky@kbra.com<\/a><\/p><p>\nJames Kissane, Senior Director\n<br\/>+1 646-731-2380\n<br\/><a  href=\"mailto:james.kissane@kbra.com\" rel=\"nofollow\" shape=\"rect\">james.kissane@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;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 pa&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28038","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/28038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28038"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/28038\/revisions"}],"predecessor-version":[{"id":28039,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/28038\/revisions\/28039"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}