S&P assigns Austin, Texas, bonds AA/AA-1+

Standard & Poor's said it assigned its AA/A-1+ rating to Austin, Texas' $170.605 million of water and wastewater system variable-rate revenue refunding bonds, series 2008, based on a direct-pay letter of credit provided by Dexia Credit Local (AA/A-1+).

The bonds are due on May 15, 2031.

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