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Financial Ratings

The City of South Padre Island's general obligation bonds have the following ratings:

The City issues general obligation bonds and certificates of obligation to provide funds for the acquisition and construction of major capital facilities. Certificates of obligation have been issued for general government activities. General obligation bonds and certificates of obligation are direct obligations and pledge the full faith and credit of the City. These bonds and certificates generally are issued as 25-year serial bonds, with varying amounts of principal maturing each year.

Information on the City's bond obligations can be found in the notes in the Comprehensive Annual Financial Report which can be found here.