Austin, TX Series 2021 Bonds Assigned 'AAA' Ratings; Other Ratings Affirmed

FARMERS BRANCH (S&P Global Ratings) Aug. 26, 2021--S&P Global Ratings assigned its 'AAA' rating to the City of Austin, Texas' following series 2021 issuances: $159.5 million public improvement and refunding bonds; $37.8 million certificates of obligation; $28.3 million public property finance contractual obligations; $82.2 million taxable public improvement and refunding bonds; and $20.1 million taxable certificates of obligation. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. The outlook is stable. In addition, S&P Global Ratings affirmed its 'AA+' rating on Mueller Local Government Corp.'s appropriation debt, supported by the city. The outlook is also stable. "The 'AAA' long-term rating reflects the strength of Austin's broad

...August 26, 2021 FARMERS BRANCH (S&P Global Ratings) Aug. 26, 2021--S&P Global Ratings assigned its '###' rating to the City of Austin, Texas' following series 2021 issuances: - $159.5 million public improvement and refunding bonds; - $37.8 million certificates of obligation; - $28.3 million public property finance contractual obligations; - $82.2 million taxable public improvement and refunding bonds; and - $20.1 million taxable certificates of obligation. At the same time, S&P Global Ratings affirmed its '###' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. The outlook is stable. In addition, S&P Global Ratings affirmed its '##+' rating on Mueller Local Government Corp.'s appropriation debt, supported by the city. The outlook is also stable. "The '###' long-term rating reflects the strength of Austin's broad and diverse local economy, which despite some disruptions associated with the COVID-19 pandemic, continues to demonstrate resilience fueled...

Ratings Action