S&P Global Ratings assigned its 'AAA' rating to Williamson County, Texas' roughly $120 million series 2023 limited-tax notes. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the county's existing general obligation (GO) debt. The outlook is stable. The series 2023 notes and the county's outstanding limited-tax bonds, notes, and certificates of obligation constitute a direct obligation of the county, 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 within the county. Texas statutes limit the maximum ad valorem tax rate for counties to 80 cents per $100 of taxable assessed valuation (AV) for all county purposes. Administratively, the Texas attorney
