Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+' - S&P Global Ratings’ Credit Research

Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+'

Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+' - S&P Global Ratings’ Credit Research
Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+'
Published Feb 19, 2026
7 pages (3457 words) — Published Feb 19, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' rating to Houston , Texas' proposed $200 million series 2026A and $75 million 2026B senior-lien hotel occupancy tax and special revenue refunding bonds and upgraded the existing parity debt to 'AA-' From 'A'. We also assigned our 'A-' rating to Houston's proposed $1 billion series 2026C first-lien hotel occupancy tax and special revenue and refunding bonds. In addition, we assigned our 'BBB+' rating to Houston?s proposed $140.2 million 2026D second-lien hotel occupancy tax and special revenue bonds. The outlook for all liens is stable. The series 2026A and 2026B (senior-lien) bonds and parity debt are special obligations of Houston, payable from a portion of city hotel occupancy tax (HOT) and certain theatre district parking

  
Brief Excerpt:

...S&P Global Ratings assigned its '##-' rating to Houston, Texas' proposed $200 million series 2026A and $75 million 2026B senior-lien hotel occupancy tax and special revenue refunding bonds and upgraded the existing parity debt to '##-' From 'A'....

  
Report Type:

Research Update

Ticker
HOUFAC
Issuer
Houston
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+'" Feb 19, 2026. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Houston-TX-Series-2026AB-Senior-Hotel-Occupancy-Tax-Bonds-Rated-AA-2026C-First-Lien-A-2026D-Second-Lien-BBB-3519843>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Houston, TX Series 2026AB Senior Hotel Occupancy Tax Bonds Rated 'AA-'; 2026C First Lien 'A-'; 2026D Second Lien 'BBB+' Feb 19, 2026. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Houston-TX-Series-2026AB-Senior-Hotel-Occupancy-Tax-Bonds-Rated-AA-2026C-First-Lien-A-2026D-Second-Lien-BBB-3519843>
  
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