S&P Global Ratings assigned its 'AA+' long-term rating to Cedar Park, Texas' $40.84 million series 2025 senior-lien utility system revenue bonds. We also affirmed our 'AA+' long-term rating on the utility's existing revenue debt. The outlook is stable. PRINCETON (S&P Global Ratings) Nov. 13, 2025--S&P Global Ratings today took the rating actions listed above. The utility purchases 100% of its water from the LCRA, which provides water to more than 35 counties in Texas. The LCRA manages the reservoirs of Lake Travis and Lake Buchanan, which are currently about 87% full. Last year, the city was in a stage 3 drought and was implementing a 9% surcharge. This is no longer the case, and the city considers itself in phase
