DALLAS (Standard&Poor's) Sept. 11, 2009--Standard&Poor's Ratings Services raised its long-term rating to 'AA+' from 'AA' on revenue bonds issued by Mueller Local Government Corp. for the city of Austin, Texas. At the same time, Standard&Poor's assigned its 'AA+' long-term rating to the government corporation's series 2009 contract revenue bonds issued for Austin The rating outlook is stable. "The upgrade reflects our upgrade of the city of Austin's general obligation (GO) rating to 'AAA' in 2008 and affects approximately $11.5 million of parity contract revenue bonds," said Standard&Poor's credit analyst Theordore Chapman. The stable rating outlook reflects the stable rating outlook on the city's GO bonds. Securing the bonds is a master indenture
