S&P Global Ratings assigned its 'AA+' long-term rating to Parker, Texas' series 2019 general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the city's previously issued GO bonds and certificates of obligation. The outlook is stable. Parker's GO bonds and certificates of obligation constitute direct obligations of the city, payable from the proceeds of a continuing, direct annual ad valorem tax, within the limits prescribed by law, on all taxable property within its borders. The city's maximum allowable ad valorem tax rate is $1.50 per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited to $1.00. The city's total tax rate is well below
