...August 16, 2024 ENGLEWOOD (S&P Global Ratings) Aug. 16, 2024--S&P Global Ratings assigned its '###' long-term rating and 'A+' underlying rating to Celina Independent School District (ISD), Texas' anticipated $100 million series 2024 unlimited-tax school building bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the district's general obligation (GO) debt outstanding. The outlook is stable. The bonds are payable from an unlimited ad valorem tax levied against all taxable property within the district. Bond proceeds will fund various capital projects, including additional high school, middle school, and elementary school facilities. Approximately40 miles north of Dallas, Celina ISD has been experiencing rapid enrollment and tax base growth, fueled by growing residential and commercial development within the district. Its total assessed valuation (AV) has more than doubled in the past three years, and high AV growth rates are expected to persist as developments...
