Standard & Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'AA' from 'AA-' on Mansfield, Texas' outstanding waterworks and sewer system revenue bonds based on our view of the system's continued maintenance of a strong cash position, along with its decreased reliance on impact fees. In addition, Standard & Poor's assigned its 'AA' long-term rating to the city's series 2011 waterworks and sewer system revenue refunding and improvement bonds . The outlook is stable. More specifically, the ratings reflect our opinion of the system's: Strong service area economy, which benefits from the city's access to the Dallas-Fort Worth metropolitan area; Sufficient capacity, coupled with a manageable capital plan; Strong cash position and debt service coverage; and...
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Action: New Rating
Action: Outlook: Stable
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