The 'BBB' rating on Celina, Texas' tax and waterworks and sewer system surplus revenue certificates and refunding bonds reflects the city's full faith and credit pledge. The rating is supported by the following credit factors: A limited local economy with access to the Plano and northern Dallas MSA economic base; A small, but expanding, tax base; Adequate financial performance and position; and A moderate overall debt burden. Celina, with a population of 1,956, is in northern Collin County, about 37 miles north of downtown Dallas, Texas. Many city residents commute to the Dallas metropolitan area for employment due to the limited local economy. Assessed valuation (AV) growth has been strong, increasing 93% from 1996 to an estimated $85.7 million in
