Summary: Donna, Texas Donna Economic Development Corp.; Sales Tax

S&P Global Ratings assigned its 'A-' long-term rating to the City of Donna Economic Development Corp. (4A), Texas' sales tax revenue bonds, series 2023 ($12.1 million). S&P Global Ratings also assigned its 'A-' long-term rating to the City of Donna Development Corp. (4B)'s sales tax revenue bonds, series 2023 ($13.6 million). The outlook is stable. Both series of debt are secured by separate 0.5% sales taxes levied within the City of Donna. We rate the bonds under our priority-lien tax revenue debt criteria, which factors in both the strength and stability of the pledged revenue as well as the general credit quality of the municipality where taxes are distributed and collected (the obligor's creditworthiness [OC]). Both corporations will use the

...+ S&P Global Ratings assigned its 'A-' long-term rating to the City of Donna Economic Development Corp. (4A), Texas' sales tax revenue bonds, series 2023 ($12.1 million). + S&P Global Ratings also assigned its 'A-' long-term rating to the City of Donna Development Corp. (4B)'s sales tax revenue bonds, series 2023 ($13.6 million). + The outlook is stable....

Summary