The 'BBB' rating on Durand, Mich.'s sewage disposal system revenue bonds has been affirmed and reflects the system's: Local economic base, which incorporates below-average wealth levels and a high unemployment rate; and Somewhat high rates. Tempering the above weaknesses is the city's improved liquidity position. The city's system is small but stable and serves approximately 1,500 customers in the 3,870-resident community. The city, which is 20 miles northeast of Flint and 40 miles southwest of Lansing ('AA+'/Stable GO rating) on Interstate 69 in Shiawassee County ('A'/Stable GO rating) serves as an affordably priced bedroom community due to its proximity to the nearby employment centers. Durand's customer base continues to grow with the opening of a new hotel, new lumberyard, and
