...Standard & Poor's Ratings Services raised its rating to '##' from '###+' on Cedar Park, Texas' existing debt originally issued by Bella Vista Municipal Utility District. At the same time, Standard & Poor's raised its rating to '##' from '###+' on the city's existing debt originally issued by Williamson-Travis County Municipal Utility District No. 1G. The raised ratings are due to the annexation of the aforementioned municipal utility districts (MUDs) by the city on Dec. 22, 2014. Finally, Standard & Poor's affirmed its '##' long-term rating and underlying rating (SPUR) on the city's existing general obligation (GO) debt. The outlook on all ratings is stable. An ad valorem property tax, levied within the limits prescribed by law, on all taxable property in the city secures the bonds. Per section 43.075(h) of the Texas Local Government Code, the governing body of the city shall levy and collect taxes on all taxable property in the city in an amount sufficient to pay the principal and interest...
