S&P Global Ratings assigned its'A'rating to Galveston County Municipal Utility District (MUD) No. 12 , Texas'approximately $3 million series 2026 unlimited tax bonds. At the same time, S&P Global Ratings affirmed its'A'rating on the district’s general obligation (GO) debt outstanding. The outlook is stable. An unlimited ad valorem tax levied on all taxable property within the MUD secures the bonds. The district will use the series 2026 bond proceeds for water, wastewater, and sanitary sewer projects. The rating reflects our view of the district's fully built-out status of development, good fund balance and debt service fund balance, and manageable long-term liability profile. The 733-acre MUD, about 42 miles southeast of Houston, has indicated there are
