Harris County Municipal Utility District No. 44, TX Series 2024 Bonds Assigned 'A-' Rating; Outlook Stable

ENGLEWOOD (S&P Global Ratings) March 28, 2024--S&P Global Ratings assigned its 'A-' long-term rating to Harris County Municipal Utility District No. 44, Texas's $3 million series 2024 unlimited tax bonds. The outlook is stable. "The rating reflects the district's growing and very diverse tax base, built-out status, very strong general fund reserves, very low direct and total property tax rate, and moderately high overall net debt burden," said S&P Global Ratings credit analyst Alex Swanson. The 300-acre district is located roughly 18 miles northwest of downtown Houston. The bonds are payable from a continuing direct annual ad valorem tax, without legal limitation as to rate or amount, levied upon all taxable property within the district. Bond proceeds will fund the

...March 28, 2024 ENGLEWOOD (S&P Global Ratings) March 28, 2024--S&P Global Ratings assigned its 'A-' long-term rating to Harris County Municipal Utility District No. 44, Texas's $3 million series 2024 unlimited tax bonds. The outlook is stable. "The rating reflects the district's growing and very diverse tax base, built-out status, very strong general fund reserves, very low direct and total property tax rate, and moderately high overall net debt burden," said S&P Global Ratings credit analyst Alex Swanson. The 300-acre district is located roughly 18 miles northwest of downtown Houston. The bonds are payable from a continuing direct annual ad valorem tax, without legal limitation as to rate or amount, levied upon all taxable property within the district. Bond proceeds will fund the replacement of treatment systems at one of the district's water plants....

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