S&P Global Ratings assigned its'AAA'rating to Denton County , Texas'proposed $8 million series 2026 tax notes. The outlook is stable. The tax notes constitute direct obligations of Denton 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 Denton County's limited-tax debt and the county's 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. Proceeds from the tax notes will be used to purchase and acquire voting system equipment and to pay professional services rendered on behalf of the county for related projects.
