S&P Global Ratings assigned its'AA+'long-term rating to the City of Parker , Texas'$15.16 million series 2026 combination tax and revenue certificates of obligation (COs). At the same time, we affirmed our'AA+'long-term rating on the city's existing general obligation debt and COs. The outlook is stable. The bonds and certificates constitute direct obligations of the city, payable from a direct annual ad valorem tax levied, within the limits prescribed by law, on all taxable property within the city. The certificates are further secured by a pledge of surplus net revenues of Parker's waterworks and sewer system. The maximum property tax rate for home-rule municipalities in Texas is $2.50 per $100 of assessed value (AV) with the
