S&P Global Ratings raised its underlying rating on Celina Independent School District, Texas' general obligation (GO) debt one notch to 'AA-' from 'A+' and removed it from under criteria observation. The outlook is stable. The rating action reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The bonds are payable from an unlimited ad valorem tax levied against all taxable property in the district. The rating reflects our view of the district's history of positive operating performance and affluent and growing population, which has helped bolster reserves. While the district's hefty debt load is outsized compared with its similar-rated peers, coupled with rapid enrollment growth necessitating constant facility construction, we think these
