Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC - S&P Global Ratings’ Credit Research

Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC

Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC - S&P Global Ratings’ Credit Research
Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC
Published Aug 11, 2026
6 pages (3070 words) — Published Aug 11, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings revised the outlook to negative from stable on the City of Houston ?s combined utility system?s (CUS) revenue bond rating outstanding. We have also assigned our ?A-1+? short-term rating to the city?s $500 million series B-8 extendable commercial paper (ECP). At the same time, S&P Global Ratings affirmed its 'AA' rating on the system's first-lien revenue bonds outstanding and its 'AA+' rating on the system's previous ordinance bonds. We also affirmed our 'A-1+' short-term rating on the utility system's existing commercial paper (CP) notes and our ?AAA/A-1+? rating on the CUS? series 2004B-5 variable-rate bonds. The outlook revision reflects the utility?s recent absorption of Houston?s solid waste fund absent sufficient dedicated charges, and the adoption of a

  
Brief Excerpt:

...S&P Global Ratings revised the outlook to negative from stable on the City of Houston's combined utility system's (CUS) revenue bond rating outstanding....

  
Report Type:

Research Update

Ticker
HOUFAC
Issuer
Houston
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC" Aug 11, 2026. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Houston-Combined-Utility-System-Revenue-Bond-Rating-Outlook-Revised-To-Negative-On-Potential-For-Narrow-DSC-3609282>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Houston Combined Utility System Revenue Bond Rating Outlook Revised To Negative On Potential For Narrow DSC Aug 11, 2026. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Houston-Combined-Utility-System-Revenue-Bond-Rating-Outlook-Revised-To-Negative-On-Potential-For-Narrow-DSC-3609282>
  
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