S&P Global Ratings assigned its ?AA? long-term rating to Cedar Hill , Texas? approximately $10.2 million series 2025 combination tax and revenue certificates of obligation and $7.2 million series 2025 tax notes. At the same time, we affirmed our ?AA? long-term rating on the city?s general obligation (GO) debt outstanding. The outlook is stable. The rating is based on the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. A limited ad valorem tax, levied on all taxable property in the city, secures the series 2025 certificates and tax notes and the city?s GO bonds and certificates outstanding. A limited net revenue pledge of the waterworks and sewer system additionally secures the certificates.
