S&P Global Ratings assigned its 'BBB+' rating to Celina, Texas' approximately $4.9 million series 2024 special assessment revenue refunding bonds (Wells South Public Improvement District Neighborhood Improvement Area #1 Project [the project]). The outlook is stable. The bonds are limited obligations of Celina, payable from and secured by assessments levied against assessable property in the project. Officials intend to use the bond proceeds to refund existing debt for interest-rate savings. The project is within a development known as Lilyana, an approximately 400-acre master planned project located within Celina city limits. We characterize economic fundamentals as strong, with median household effective buying income (MHHEBI) at 164% of the national level, county unemployment below the national level, and positive population trends. Home
