S&P Global Ratings assigned its 'AAA' rating to Austin, Texas' series 2023 issuances of $220.845 million public improvement and refunding bonds, $25.57 million certificates of obligation, and $8.745 million public property finance contractual obligations. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. Lastly, S&P Global Ratings affirmed its 'AA+' rating on Mueller Local Government Corp., Texas' appropriation debt, supported by the city. The outlook is stable. Each of the three proposed 2023 series are a direct obligation of the city, payable from a continuing, direct annual ad valorem tax levied, within the limits prescribed by law, on all taxable property within the city. The certificates
