KBRA Releases Rating Report for Dallas Independent School District, TX: Unlimited Tax Bonds Series 2026A and 2026B

On December 19, 2025, KBRA assigned a long-term rating of AAA to the Dallas Independent School District, TX: Unlimited Tax School Building Bonds, Series 2026A; and Variable Rate Unlimited Tax School Building Bonds, Series 2026B. KBRA additionally affirmed the long-term rating of AAA for the District's outstanding Unlimited Tax Bonds (PSF) and Unlimited Tax Bonds (Non-PSF). The Outlook for each obligation is Stable.

The currently offered bonds have received conditional approval for and are expected to be issued with a guarantee of the payment of principal and interest from the State’s Permanent School Fund (“PSF”) guarantee program. KBRA’s ratings for these and all other outstanding series, including both those with and without the PSF guarantee, are based solely on the underlying credit standing of the District, without considering support afforded by the PSF guarantee program.

To access ratings and relevant documents, click here.

Click here to view the report.