S&P Global Ratings assigned its 'BBB-' long-term to Harris County Municipal Utility District (MUD) No. 460, Texas' anticipated $8.46 million unlimited-tax bonds series 2021. At the same time, we affirmed our 'BBB-' rating on the district's existing general obligation debt. The outlook is stable. Revenue from an unlimited ad valorem tax levied on all taxable property in the MUD secures the bonds. The bond proceeds will reimburse developers, fund capitalized interest, and pay costs related to the issuance of the bonds. Located eight miles from Houston, the district benefits from its deep and diverse economic base, which has resulted in very strong tax base growth. Housing demand continues and the district continues to develop towards its full built out status,
