Standard & Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Lower Colorado River Authority Transmission Corp. (TSCorp.), Texas' series 2010 transmission contract refunding and improvement revenue bonds. TSCorp. is an obligated affiliate of Lower Colorado River Authority (LCRA). At the same time, Standard & Poor's affirmed its 'A' long-term rating and underlying rating (SPUR), with a stable outlook, on LCRA's revenue bonds. Standard & Poor's uses a consolidated rating methodology in assigning its 'A' rating to LCRA's and TSCorp.'s bonds based on a variety of structural interdependencies that exist between the two. (For more information, please see the article titled, "Credit FAQ: Lower Colorado River Authority And Transmission Services Corp.'s Consolidated Debt Ratings," published on RatingsDirect...
Companies mentioned in this report are:
- Lower Colorado River Auth Transmission Corp
- Lower Colorado River Auth
Action: New Rating
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