Summary: Cedar Hill, Texas; General Obligation

S&P Global Ratings has assigned its 'AA' long-term rating to the city of Cedar Hill, Texas' series 2019 general obligation (GO) bonds, series 2019 combination tax and revenue certificates of obligation, and taxable series 2019 combination tax and revenue certificates of obligation. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the city's GO debt outstanding. The outlook is stable. Cedar Hill's proactive management, coupled with its location in the broad and diverse Dallas-Fort Worth-Arlington metropolitan statistical area (MSA), has fueled economic expansion resulting in the city's largest taxable assessed value (AV) during the past 10 years. Following the passage of the Federal Water Infrastructure Improvements for the Nation (WIIN) Act, the city was able to

...S&P Global Ratings has assigned its '##' long-term rating to the city of Cedar Hill, Texas' series 2019 general obligation (GO) bonds, series 2019 combination tax and revenue certificates of obligation, and taxable series 2019 combination tax and revenue certificates of obligation. At the same time, S&P Global Ratings affirmed its '##' long-term rating on the city's GO debt outstanding. The outlook is stable. Cedar Hill's proactive management, coupled with its location in the broad and diverse Dallas-Fort Worth-Arlington metropolitan statistical area (MSA), has fueled economic expansion resulting in the city's largest taxable assessed value (AV) during the past 10 years. Following the passage of the Federal Water Infrastructure Improvements for the Nation (WIIN) Act, the city was able to early retire a contractual agreement with the Trinity River Authority related to the purchase of water conservatory rights from Joe Pool Lake. Cedar Hill had been transferring approximately $3 million per...

Summary