S&P Global Ratings assigned its 'BBB' long-term rating to the City of Donna, Texas' proposed approximately $59.5 million international toll bridge revenue bonds, taxable series 2023. At the same time, S&P Global Ratings affirmed its 'A' rating on the city's existing general obligation (GO) and certificates of obligation bonds. The outlook is stable. The bonds are secured by a gross revenue pledge of the bridge system. In addition, subject to annual appropriation, the city might support the bonds by filing any deficiencies in the debt service reserve fund and the maintenance and operations reserve fund should either be used in the event of a deficiency from any lawfully available funds of the city, we view this provision as akin to
