River Place Municipal Utility District, TX Series 2009 Bond Ratings Raised To 'AAA'

DALLAS (S&P Global Ratings) May 10, 2019--S&P Global Ratings has corrected by raising its long-term rating and underlying rating (SPUR) to 'AAA' from 'AA' and 'A+' on River Place Municipal Utility District (MUD), Texas' series 2009 unlimited-tax refunding bonds. The outlook is stable. These bonds are enhanced by a bond insurance policy from Assured Guaranty Municipal Corp. (AA/Stable). Because the underlying rating is rated higher, we are raising the long-term rating. On May 2, 2019, we raised the ratings based on the city of Austin's assumption of the MUD's debt, and this series was missed.

...May 10, 2019 DALLAS (S&P Global Ratings) May 10, 2019--S&P Global Ratings has corrected by raising its long-term rating and underlying rating (SPUR) to '###' from '##' and 'A+' on River Place Municipal Utility District (MUD), Texas' series 2009 unlimited-tax refunding bonds. The outlook is stable. These bonds are enhanced by a bond insurance policy from Assured Guaranty Municipal Corp. (##/Stable). Because the underlying rating is rated higher, we are raising the long-term rating. On May 2, 2019, we raised the ratings based on the city of Austin's assumption of the MUD's debt, and this series was missed....

Ratings Action