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
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