DeSoto Independent School District, Texas, Outlook to Positive by S&P

Standard & Poor's Ratings Services said it revised its outlook to positive from stable and affirmed its A issuer credit rating and underlying rating on DeSoto Independent School District, Texas' unlimited-tax bonds.

"The outlook revision reflects our view of the recent improvement in the district's financial performance, and the possibility that we could raise the rating within the next two years if recent trends continue," said Standard & Poor's credit analyst Omar Tabani.

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