Moody's Investors Service has upgraded Hallsville Independent School District, Texas's underlying general obligation debt to A1 from A3.

At the same time, Moody's has assigned a A1 to the district's $3.8 million unlimited tax refunding bonds, Series 2013. Concurrently, Moody's also assigned the Aaa enhanced rating to the refunding bonds based on a guarantee by the Texas Permanent School Fund (PSF) program.

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