NY -- Standard&Poor's CreditWire 5/19/98 – Standard&Poor's today assigned its double-'A' rating to Huntsville, Ala.'s electric system revenue warrants series 1998 dated June 1, 1998 due Dec. 1, 2019. In addition, Standard&Poor's affirmed its double-'A' rating on Huntsville's outstanding parity debt. The double-'A' rating reflects: -- A business profile of two, -- Strong and stable financial performance with extremely high debt service coverage levels, and -- A manageable capital improvement program with no plans for additional debt in the intermediate term. Offsetting these strengths are Huntsville's (G.O. rating double-'A') all-requirements relationship with a sole supplier -- Tennessee Valley Authority (TVA), which is burdened by high debt levels and uncertainty relating to liability of the
