S&P Global Ratings affirmed its'A+'rating on Kingsville , Texas'limited tax bonds and certificates of obligation (COs). The outlook is stable. The rating reflects our view of Kingsville's limited economy and exposure to risks stemming from regional water scarcity, coupled with strong financial reserves and capital needs that will add to debt in the near to medium term. The city's reserve position will remain above 25% of revenue in both general and water utility funds after budgeted deficits in fiscal 2026-2027. We expect balanced general fund operating results in fiscal 2026 with a moderate deficit in both general and water utility funds in fiscal 2027. Projected general fund deficits in fiscal 2027 and future years are driven primarily
