Standard&Poor's Ratings Services revised the outlook on its 'A-' long-term rating and underlying rating (SPUR) on Harris County Municipal Utility District (MUD) No. 188, Texas' general obligation (GO) debt to positive from stable. Standard&Poor's also affirmed its 'A-' long-term rating and SPUR on the district's GO debt. The outlook revision reflects our opinion of the MUD's property tax base growth, which has resulted in a material debt reduction, decreased tax rates, and limited additional capital needs due to its built-out infrastructure development. The rating reflects our opinion of the MUD's: Access to Houston's deep and diverse economy; Mature development, limiting any significant capital needs; and Very strong finances with a with low property tax rate, which
