DALLAS (Standard&Poor's) Aug. 20, 2004--Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Cedar Hill, Texas' water and sewer system revenue bonds outstanding one notch to 'A' from 'A-' based on a growing customer base with manageable capital needs and the system's continued willingness to increase rates, as necessary, to adequately fund an escalating liability associated with Joe Pool Lake. The rating agency also assigned its 'A' standard long-term rating, and stable outlook, to the city's $3.0 million series 2004 waterworks and sewer system revenue bonds and its 'A+' rating, and stable outlook, to the city's $8.5 million series 2004 general obligation bonds. Both series are scheduled to sell on Aug. 31. "The system's inclusion in
