S&P Global Ratings assigned its 'BBB+' rating to Celina, Texas' $9.9 million series 2024 special-assessment revenue refunding bonds (Sutton Fields II Public Improvement District Neighborhood Improvement Area No. 1 Project) The outlook is stable. The bonds are limited obligations of Celina, payable from and secured by assessments levied against assessable property in Sutton Fields II Public Improvement District Neighborhood Improvement Area No. 1 Project. Officials intend to use the bond proceeds to refund existing debt for interest rate savings. The improvement area is within an approximately 622-acre master-planned project located within the Celina city limits. We characterize economic fundamentals as strong, with median household effective buying income at 164% of the national level, Collin County's unemployment rate below the national
