S&P Global Ratings assigned its 'AA' long-term rating to Red Oak , Texas' approximately $14.73 million series 2026 general obligation (GO) pension bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the city's existing certificates of obligation (COs) and GO debt. The outlook is stable. ENGLEWOOD (S&P Global Ratings) July 29, 2026--S&P Global Ratings today took the rating actions listed above. The stable outlook reflects our view that Red Oak will maintain balanced operations and healthy reserve levels while managing its elevated debt burden, supported by its tax base and revenue growth. Should financial performance deteriorate, leading to materially weaker reserves without plans we view as reasonable to rebuild them, or if debt issuances outpace
