Standard&Poor's Ratings Services raised its Standard&Poor's underlying rating (SPUR) on Cedar Hill, Texas' water and sewer system revenue bonds outstanding one notch to 'A' from 'A-' based on a growing customer base with manageable capital needs and the system's continued willingness to increase rates, as necessary, to adequately fund an escalating liability associated with Joe Pool Lake. Standard&Poor's also assigned its 'A' standard long-term rating, and stable outlook, to the city's $3 million series 2004 waterworks and sewer system revenue bonds. The rating continues to reflect the water and sewer system's: Inclusion in the diverse Dallas-Fort Worth MSA economy, and Strong debt service coverage (DSC) and system liquidity. These factors are offset, in part,
