NEW YORK (S&P Global Ratings) April 11, 2019--S&P Global Ratings revised the outlook on its 'A' rating on Galveston County Municipal Utility District (MUD) No. 12, Texas' general obligation (GO) debt to stable from negative. At the same time, S&P Global Ratings assigned its 'A' rating and stable outlook to the MUD's series 2019 unlimited-tax GO bonds and affirmed its 'A' rating on the MUD's existing GO debt. The outlook revision reflects S&P Global Ratings' better understanding of the effect Hurricane Harvey had on the MUD. Although initial reports indicated storm damage could have a material effect on the MUD's property tax base and operations, the rating service understands that there was no interruption of water-and-sewer service and that the
