Standard&Poor's Ratings Services assigned its 'A' rating, and stable outlook, to Cedar Hill, Texas' series 2006 water and sewer system revenue bonds. The rating reflects the city's: Growing customer base and the system's continued willingness to increase rates, as necessary, to adequately fund an escalating liability associated with Joe Pool Lake; Inclusion in the diverse Dallas-Fort Worth MSA economy; and Strong debt service coverage (DSC) and healthy system liquidity. These factors are offset, in part, by the system's: High combined water and sewer rates, and Potential to issue additional debt due to growth-related capital needs. A net system revenue pledge secures the bonds. Management will use bond proceeds to fund system improvements. Once an agricultural community, Cedar Hill,
