S&P Global Ratings assigned its 'BBB-' long-term to Harris County Municipal Utility District (MUD) No. 460, Texas' anticipated $1.965 million unlimited-tax road refunding bonds series 2021A. 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 be used to refund certain outstanding 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, therefore, we expect tax base growth to remain very strong in the near future. Its stable financial performance, and ample fund balance continue
