...August 23, 2024 NEW YORK (S&P Global Ratings) Aug. 23, 2024--S&P Global Ratings assigned its '###' rating to Austin, Texas' following series': - 2024A public improvement and refunding bonds (approximately $300 million), - 2024A certificates of obligation (approximately $103 million), - 2024 public property finance contractual obligations (approximately $30 million), - 2024 taxable public improvement bonds (approximately $32 million), and - 2024 taxable certificates of obligation (approximately $7 million). At the same time, we affirmed our '###' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. Lastly, we affirmed our '##+' rating on Mueller Local Government Corp.'s appropriation debt, supported by the city. The outlook is stable. "The rating reflects our opinion of Austin's robust, growing local economy, very strong management with strong financial-management policies, adequate budgetary performance, and very weak debt and contingent liability...
