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Trinity River Authority, TX's Outstanding Debt Rating Raised To 'AAA' On Member Cities' Improving Creditworthiness Dec 09

  • ID: 1804619
  • December 2009
  • Standard & Poors
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NEW YORK (Standard & Poor's) Dec. 1, 2009--Standard & Poor's Ratings Services raised its rating on Trinity River Authority, Texas' outstanding debt to 'AAA' from 'AA+', reflecting the member cities' improving general creditworthiness and financial stability, as well as their strong service area economies and the strong operations of their respective utility systems. At the same time, Standard & Poor's assigned its 'AAA' long-term rating to the authority's central regional wastewater system Texas Water Development Board clean water state revolving fund loan. The outlook is stable. The participant cities' water and sewer systems collectively exhibit margins that are able to generate sound coverage of all on-balance-sheet and off-balance-sheet obligations, including those to the authority; strong liquidity; and moderate retail service...

Companies mentioned in this report are:
- Trinity River Auth

Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
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- Trinity River Auth

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