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Published on 5/15/2008 in the Prospect News Municipals Daily.

S&P lifts Tampa Bay Water, Fla., bonds to AA+

Standard & Poor's said it raised its rating and underlying rating on Tampa Bay Water, Fla.'s bonds to AA+ from AA-.

The $100.6 million of utility system revenue bonds, series 2008, are due Oct. 1, 2038.

The outlook is stable.

At the same time, S&P said it assigned its AA+ rating and stable outlook, to Tampa Bay Water's series 2008 utility system refunding and improvement revenue bonds.


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