S&P Global Ratings assigned its 'AAA' long-term rating to Lewisville, Texas' anticipated $16 million series 2024 waterworks and sewer system revenue 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 series 2024 bonds. After the issuance, Lewisville will have about $105 million in parity revenue debt outstanding. Officials intend to use series 2024 bond proceeds to construct several improvements to the utility system. As with previous issues, bond 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. Partly due to the recent annexation
