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Trinity River Authority, TX Water Development Board Loan SPUR Raised To 'AA-' From 'A+' On Improved Creditworthiness Dec 09
Standard & Poors, December 2009
NEW YORK (Standard & Poor's) Dec. 1, 2009--Standard & Poor's Ratings Services raised its long-term and underlying ratings (SPUR) to 'AA-' from 'A+' on Trinity River Authority, Texas' water development board loan series 2008 Red Oak Creek System) outstanding, issued for the Texas Water Development Board, a regional wastewater treatment system. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA-' rating, and stable outlook, to the authority's $19.9 million series 2009 loan. "We base the upgrade on the improving creditworthiness and financial stability of the member cities' respective utility systems, as well as what we consider their sound service area economies and utility system operations," said Standard & Poor's credit analyst Edward McGlade. In our...
Companies mentioned in this report are: Trinity River Auth
Action: New Rating
Action: Outlook: Stable
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Trinity River Auth