DALLAS (Standard&Poor's) May 29, 2014--Standard&Poor's Ratings Services said that it assigned its 'SP-1+' short-term rating to Houston's series 2014 tax and revenue anticipation notes (TRANs). "The rating is based on our assessment of the city's general creditworthiness with a 'AA+' general obligation (GO) debt rating and 1.36x projected coverage of principal and interest," said Standard&Poor's credit analyst Russell Bryce. Pledged revenues include ad valorem tax, sales and use tax, franchise charges and fees, and other general revenues for fiscal 2015, net of the city's fiscal 2015 bonded debt service payments. Houston, with an estimated population of 2.1 million, is the center of the broad and diverse Houston-The Woodlands-Sugar Land– metropolitan statistical area (MSA), the
