S&P Global Ratings assigned its 'AAA' rating to Denton County , Texas' proposed $109.7 million series 2025 permanent improvement bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's limited-tax debt outstanding. The ratings are based on the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. The outlook is stable. The bonds constitute direct obligations of the county payable from an annual ad valorem tax levied against all taxable property in the county, within the limits prescribed by law. 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
