S&P Global Ratings assigned its 'A+' long-term rating to Arcola , Texas' estimated $5 million series 2025 combination tax and revenue certificates of obligation (COs). The outlook is stable. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The COs are payable from a limited ad valorem tax, levied within the limits prescribed by law on all taxable property within the city. State statutes limit the ad valorem tax rate to $1.50 per $100 of taxable assessed valuation (AV) for all city purposes, with $1.00 of the maximum tax rate allowable for debt service. The COs are further secured by a limited pledge of subordinate lien on the city's
