...+ S&P Global Ratings assigned its 'A-1+' short-term rating to Houston, Texas' combined utility system (CUS)'s $275.0 million extendable commercial paper (CP) series B-2. + S&P Global Ratings also assigned its 'A-1+' short-term rating to Houston CUS's $100 million commercial paper series B-7. + In addition, S&P Global Ratings assigned its 'A-1+' short-term rating to Houston CUS's $75 million series 2004B variable-rate demand bonds, reflecting the system's self-liquidity. The long-term rating on the bonds was changed to '##' from '##+' to reflect the recent change to a standby bond purchase agreement with JPMorgan Chase Bank, N.A. from a letter of credit. + S&P Global Ratings also affirmed its 'A-1+' short-term rating on the utility system's revolving credit agreement-backed CP notes and the '##/A-1+' rating on the series 2012A first-lien bonds, all of which are backed by CUS' self-liquidity. + The outlook, where applicable, is stable. + The short-term ratings are based on the application...
