Standard&Poor's Ratings Services assigned its 'AAA' rating to Denton County, Texas' series 2014 permanent improvement refunding bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating and 'AAA' unenhanced rating (SPUR) on the county's general obligation (GO) debt. The outlook on all issues is stable. The series 2014 permanent improvement refunding bonds are intended to refund portions the county's series 2007 and 2008 permanent improvement bonds. The county's limited ad valorem tax levied on all taxable property in the county secures the bonds and notes. The county's property tax rate is currently 27.2 cents per $100 of assessed value (AV), well below the state-imposed maximum levy of 80 cents per $100 of AV. The 'AAA'
