...S&P Global Ratings assigned its '##' long-term rating to the City of Celina, Texas' series 2019 tax and waterworks and sewer system (limited pledge) revenue certificates of obligation. At the same time, S&P Global Ratings affirmed its '##' rating on the city's parity general obligation (GO) debt. The outlook on all ratings is stable. The city of Celina continues to benefit from solid fiscal performance and reserves, which are the result of increasing revenue streams and close monitoring of expenditures. Rapid growth out of the Dallas Fort-Worth metropolitan statistical area (MSA) and substantial residential development should support strong growth in market value for the city over the near term. Given its frequent issuance, the city's debt burden remains elevated. Future credit reviews will focus on the city's ability to manage increases in service demand and need for additional infrastructure. The series 2019 certificates constitute direct obligations of the city, payable from a combination...
