S&P Global Ratings assigned its 'A+' rating to Port Huron, Mich.'s approximately $9.85 million series 2022 limited-tax general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating (SPUR) on the city's outstanding debt obligations. The outlook is stable. The series 2022 GO bonds are secured by a pledge of the city's full faith and credit. All of the city's outstanding GO obligations are secured by a pledge of ad valorem taxes levied on all taxable property, subject to statutory limitations. We rate the limited-tax GO debt at the same level as the city's general creditworthiness given that ad valorem taxes are collected from the city's tax base and that there are no limitations on
