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S&P rates Texas' Harris County Flood Control bonds AA+/A-1+
Standard & Poor's said it assigned an AA+/A-1+ rating and stable outlook to Harris County Flood Control District, Texas' $157 million of series 2008B variable-rate contract tax refunding bonds issued for Harris County.
The short-term component is based on a standby bond purchase agreement provided by Dexia Credit Local.
S&P also said it affirmed its AA+ standard long-term rating and stable outlook on the district's debt previously issued for the county.
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