Moody’s Investors Service and Fitch Ratings upgraded the Port Arthur Independent School District in Texas on Friday, ahead of its planned sale of $49.5 million of unlimited-tax school building bonds.

Moody’s rated the current issue Aa3 and raised the district’s $284.2 million of parity debt to Aa3 from A1.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.