S&P Global Ratings assigned its'AA-'long-term rating to Bee County , Texas'$3.285 million series 2026 certificates of obligation (COs). At the same time, S&P Global Ratings affirmed its'AA-'long-term rating on the county's COs outstanding. The outlook is stable. The new and outstanding certificates are direct obligations of the county, payable from the levy and collection of a direct and continuing ad valorem tax levied within the limits prescribed by law, on all taxable property within the county. We do not differentiate between the county's limited-tax debt and its general creditworthiness, since the ad valorem tax is not derived from a measurably narrower tax base and there are no limitations on the fungibility of resources, which supports
