Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to Cedar Hill, Texas' series 2013 general obligation (GO) refunding bonds and series 2013 combination tax and revenue certificates of obligation and affirmed its 'AA' rating, with a stable outlook, on the city's existing GO debt based on Standard&Poor's local GO criteria, published Sept. 12, 2013, on RatingsDirect. The city's ad valorem tax pledge secures the refunding bonds, and the city's ad valorem tax pledge and limited pledge of utility system net revenue secure the certificates. Officials intend to use bond proceeds to finance various drainage, roadway, and fire department needs. The rating reflects our opinion of the following factors for the city, specifically its: Very
