Summary: Trinity River Auth, TX; Utility, State Revolving Funds/Pools; Utility, Water/Sewer Apr 05

Standard & Poors, April 2005

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Trinity River Authority (TRA), Texas' series 2005 central regional wastewater system revenue bonds based on the general creditworthiness and financial stability of the member cities, as well as their strong service area economies and utility systems. The water and sewer systems of these participant cities collectively exhibit: Water and sewer systems with margins that are able to generate sound coverage of all on-balance-sheet and off-balance-sheet obligations, including those obligations to TRA; Strong liquidity; and Moderate retail rates for service, coupled with a demonstrated willingness to adjust rates, as necessary. TRA's capital plan requiring significant expenditures by the authority to address system rehabilitation and upgrades over the next...

Companies mentioned in this report are: Trinity River Auth
Action: Affirmed
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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Trinity River Auth

Customers who bought this item also bought

• The Global Military Simulations and Virtual Training Market 2011-2021 - Competitive Landscape and Strategic Insights: Market Profile
• Sudan and South Sudan Infrastructure Report Q2 2012
• Redesigning the Public Library Building
• The Global Military Simulations and Virtual Training Market 2011–2021
• 2012 America's Neighborhoods-Zip Code 08753 for Toms River, NJ report
• 2012 America's Neighborhoods-Zip Code 85122 for New River, AZ report
• 2012 America's Neighborhoods-Zip Code 85142 for New River, AZ report
• Crisis Information Management: Communication and Technologies
• U.S. Water Security - Investment Analysis
• Charter Schools - Global Outlook