S&P Global Ratings assigned its 'AA' long-term rating to the City of Celina, Texas' $93.57 million series 2023 tax and waterworks and sewer system (limited pledge) revenue certificates of obligations bonds. S&P Global Ratings also affirmed its 'AA' rating on the city's existing CO and general obligation (GO) debt. The outlook is stable. A limited-ad valorem tax, levied on all taxable property within the city, secures Celina's GO bonds and certificates. Texas statutes limit the ad valorem tax rate for home rule cities to $2.50 per $100 of taxable assessed valuation (AV) for all city purposes. The Texas attorney general permits the allocation of $1.50 of the $2.50 maximum tax rate for ad valorem tax debt service. In fiscal 2023,
