Standard&Poor's Ratings Services withdrew its 'A-' long-term rating on DeKalb-Jackson Water Supply District Inc., Ala.'s series 2009A bonds because officials changed the structure of the bonds following our analysis, including increasing the par value to $6.99 million from $4.46 million, and lengthening the maturity schedule by 10 years. However, the total amount of debt outstanding for each participant remains in line with our earlier expectations. The series 2009A bonds did not sell. At the same time, Standard&Poor's assigned its 'A-' long-term rating to DeKalb-Jackson Water Supply District Inc., Ala.'s series 2010A utility revenue bonds. The outlook is stable. Standard&Poor's applied its strong-link analysis approach to the district's rating based on the unlimited step-up provisions
