S&P Global Ratings assigned its 'AA-' long-term rating to Texas City , Texas' $75 million series 2025 certificates of obligation. At the same time, S&P Global Ratings affirmed its 'AA-' long-term rating on the city's general obligation (GO) debt. The outlook is stable. The rating is based on the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. The certificates constitute direct obligations of the city, payable from the levy and collection of an annual ad valorem tax, within the limits prescribed by law, on all taxable property within the City and a limited pledge of a subordinate lien on the net revenue of the city's waterworks and sewer system. We rate to the strength
