Summary: Irving, Texas; General Obligation

S&P Global Ratings revised the outlook to stable from negative and affirmed its 'AAA' long-term rating on the city of Irving, Texas' previously issued general obligation (GO) debt and certificates of obligation. At the same time, S&P Global Ratings assigned its 'AAA' long-term rating to Irving's approximately $80.8 million taxable series 2022 GO pension obligation bonds (POBs), approximately $9.3 million series 2022 GO refunding bonds, approximately $78.6 million series 2022 GO bonds, approximately $17.4 million series 2022 combination tax and revenue certificates of obligation, approximately $19 million series 2022A tax notes (privately placed), and approximately $825,000 series 2022 tax notes (publicly sold). The outlook revision reflects our view of the city's progress toward funding its long-term liabilities. With the proposed

...S&P Global Ratings revised the outlook to stable from negative and affirmed its '###' long-term rating on the city of Irving, Texas' previously issued general obligation (GO) debt and certificates of obligation. At the same time, S&P Global Ratings assigned its '###' long-term rating to Irving's approximately $80.8 million taxable series 2022 GO pension obligation bonds (POBs), approximately $9.3 million series 2022 GO refunding bonds, approximately $78.6 million series 2022 GO bonds, approximately $17.4 million series 2022 combination tax and revenue certificates of obligation, approximately $19 million series 2022A tax notes (privately placed), and approximately $825,000 series 2022 tax notes (publicly sold). The outlook revision reflects our view of the city's progress toward funding its long-term liabilities. With the proposed issuance of POBs for the Irving Firemen's Relief and Retirement Fund (IFRRF), alongside the issuance of POBs for the Texas Municipal Retirement System (TMRS)...

Summary