S&P Global Ratings assigned its 'AA+' long-term rating to the City of Horseshoe Bay , Texas' approximately $9.9 million series 2025 combination tax and revenue certificates of obligation (COs). We also affirmed our 'AA+' long-term rating on the city's general obligation (GO) bonds and COs outstanding. The outlook is stable. The rating reflects the application of our criteria " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. DALLAS (S&P Global Ratings) May 12, 2025—S&P Global Ratings today took the rating actions listed above. We view the city's environmental, social, and governance factors as neutral considerations in our credit analysis. The stable outlook reflects our expectation that over the next two years, Horseshoe Bay will continue to
