S&P ups Trinity River Authority, rates bonds AA+

Standard & Poor's said it raised its rating to AA+ from AA on Trinity River Authority, Texas' regional wastewater system revenue bonds outstanding and assigned the AA+ rating to the authority's $61.99 million series 2008 bonds. The outlook is stable.

The upgrade reflects the member cities' improving general creditworthiness and financial stability, as well as their strong service area economies and the solid operations of the respective utility systems, S&P said.

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