S&P Global Ratings assigned its 'AAA' long-term rating to Lewisville, Texas' series 2023 waterworks and sewer system revenue refunding and improvement bonds. At the same time, we affirmed our 'AAA' rating on the city's revenue debt outstanding. The outlook is stable. Net revenues of the water and sewer system secure the approximately $12.2 million series 2023 bonds. After the issuance, Lewisville will have about $90 million in parity revenue debt outstanding. Officials intend to use series 2023 bond proceeds to construct several improvements to the utility system. As with previous issues, bonds provisions are credit neutral. Lewisville is largely a bedroom community about 20 miles north of Dallas in Denton County, on the shores of Lewisville Lake. In part due
