DALLAS – S&P Global Ratings raised its underlying rating to “A” from “A-” on Floresville, Texas’ certificates of obligation (COs) and general obligation (GO) debt outstanding. At the same time, S&P Global Ratings assigned its “A” long-term rating to the city’s anticipated $10.0 million combination tax and revenue COs, series 2026. The outlook is positive, reflecting the potential for upward rating momentum if the city can sustain its improved financial performance, supporting the current level of reserves within the near term. The upgrade reflects our view of the city’s continued positive financial performance supported by management’s efforts to right-size the budget, which boosted the reserve position to above 50% of operating revenues during the last two audited years….
November 17, 2025
