DALLAS (Standard&Poor's) Nov. 25, 2002--Standard&Poor's Ratings Services raised its standard long-term and underlying ratings, and affirmed its stable outlook, on Trinity River Authority, Texas' central regional wastewater system revenue refunding bonds one notch to 'AA' from 'AA-' based on the general creditworthiness and financial stability of the member cities, as well as their strong service area economies and utility systems. At the same time, the rating agency assigned its 'AA' standard long-term rating to the authority's series 2002 $144.67 million revenue refunding bonds. "Revenue streams that provide adequate debt service coverage, low treatment rates, and sufficient treatment capacity are additional strengths of the member cities," said credit analyst Theodore Chapman. A first lien pledge on the
