Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Austin, Texas' series 2009A water and wastewater system revenue refunding bonds and affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on the systems' parity separate-lien debt. The ratings reflect the systems', doing business as Austin Water Utility, general creditworthiness, including its: Service area, which is not concentrated in revenues derived from its principal customers and continues to exhibit steady customer growth and very solid overall wealth and income levels; Water supply agreement with Lower Colorado River Authority that, in 1999, effectively secured a 100-year water supply at a reasonable cost; Sound financial condition, including good debt service coverage (DSC) and liquidity;
