Standard&Poor's Ratings Services assigned its 'A-' rating and positive outlook to Austin, Texas' $126 million series 2003 water and wastewater system revenue refunding bonds. The bonds are scheduled to sell on Feb. 5. At the same time, the rating agency affirmed its 'A-' Standard&Poor's underlying rating (SPUR) on the system's series 2000, 2001A, 2001B, 2001C, and 2002A water and wastewater system revenue refunding bonds outstanding. The rating reflects: A water supply agreement with Lower Colorado River Authority (LCRA) that effectively secures a long-term water supply, The strong wealth and income levels of the Austin MSA despite general economic downturns, and A demonstrated willingness to adjust rates to help fund the large capital improvement plan (CIP). Factors
