Celina, TX 2025 Special-Assessment Revenue Refunding And Improvement Bonds Rated 'BBB-'; Outlook Stable

AUSTIN (S&P Global Ratings) Jan. 7, 2025--S&P Global Ratings assigned its 'BBB-' rating to Celina, Texas' $34.084 million series 2025 special-assessment revenue refunding and improvement bonds (The Lakes at Mustang Ranch Public Improvement District Major Improvements Area and Phase Nos. 2-7 Project). The outlook is stable. "In our opinion, the rating reflects our assessment of the project's strong economic fundamentals with a high median household effective buying income, access to a broad and diverse metropolitan statistical area, and favorable unemployment and population trends compared with the nation; weak district characteristics; and weak financial profile with a low MLTM ratio related to its taxpayer concentration and closed-lien structure," said S&P Global Ratings credit analyst Sam Krouse. The stable outlook reflects S&P

...January 7, 2025 AUSTIN (S&P Global Ratings) Jan. 7, 2025--S&P Global Ratings assigned its '###-' rating to Celina, Texas' $34.084 million series 2025 special-assessment revenue refunding and improvement bonds (The Lakes at Mustang Ranch Public Improvement District Major Improvements Area and Phase Nos. 2-7 Project). The outlook is stable. "In our opinion, the rating reflects our assessment of the project's strong economic fundamentals with a high median household effective buying income, access to a broad and diverse metropolitan statistical area, and favorable unemployment and population trends compared with the nation; weak district characteristics; and weak financial profile with a low MLTM ratio related to its taxpayer concentration and closed-lien structure," said S&P Global Ratings credit analyst Sam Krouse. The stable outlook reflects S&P Global Ratings' expectation that economic metrics will likely remain at least adequate due to the city's access to a broad, diverse MSA and positive...

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