DALLAS (Standard&Poor's) May 20, 2014--Standard&Poor's Ratings Services said it assigned its 'AA' long-term rating and positive outlook to Austin, Texas' series 2014 water and wastewater system revenue refunding bonds. We also affirmed the 'AA' long-term rating and underlying rating (SPUR) on the system's parity separate-lien debt and the 'A+' rating on the utility's special assessment bonds. The outlook is positive on all ratings. "The positive outlook reflects our expectation that recently adopted financial management policies and supporting rate adjustments will bolster the system's financial risk profile in the next two years, especially working capital levels, which would result in an upgrade," said Standard&Poor's credit analyst Theodore Chapman. RELATED CRITERIA AND RESEARCH Related Criteria USPF
