S&P Global Ratings assigned its 'AAA' rating to Austin, Texas' following series': 2024A public improvement and refunding bonds (approximately $300 million), 2024A certificates of obligation (approximately $103 million), 2024 public property finance contractual obligations (approximately $30 million), 2024 taxable public improvement bonds (approximately $32 million), and 2024 taxable certificates of obligation (approximately $7 million). At the same time, we affirmed our 'AAA' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. Lastly, we affirmed our 'AA+' rating on Mueller Local Government Corp.'s appropriation debt, supported by the city. The outlook is stable. Each of the five proposed 2024 series are a direct obligation of Austin, payable from a continuing, direct annual ad valorem tax levied, within
