S&P Global Ratings assigned its 'AAA' rating to Lewisville, Texas' roughly $60.35 million series 2023 general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the city's limited-tax GO debt and certificates of obligation. The outlook is stable. The city's GO bonds and certificates are payable from the levy and collection of a direct and continuing ad valorem tax levied, within the limits prescribed by law, on all taxable property in the city. A limited pledge, not to exceed $1,000 of net revenue of the city's combined waterworks-and-sewer system, provides additional certificate security. Due to the limited nature of additional pledged revenue, we base the rating on these obligations on the city's limited-tax GO
