Standard&Poor's Ratings Services assigned its 'A-' long-term rating and positive outlook to DeKalb-Jackson Water Supply District Inc., Ala.'s series 2013A revenue bonds and affirmed its 'A-' long-term rating and underlying rating (SPUR), with a positive outlook, on the district's series 2012A and 2010A utility revenue bonds. The positive outlook reflects our assessment of the recently consolidated system. If the district were to maintain good debt service coverage (DSC) and liquidity consistently, we could raise the rating one notch within the outlook's two-year period. The rating reflects our opinion of the district's: Relatively small customer base and limited rural-based local economy with below-average income; Willingness to adjust rates to maintain good DSC and strong liquidity; Above-average rates, limiting revenue-raising
