Standard&Poor's Ratings Services assigned its 'A-' long-term rating to Woonsocket, R.I.'s 2014 Rhode Island Clean Water Finance Agency (RICWFA) loan issued for the city's wastewater system. The outlook is stable. The rating reflects our assessment of the system's: Relatively stable and diverse customer base; Affordable rates relative to service area wealth levels and automatic annual rate increases that we expect will allow the system to maintain adequate total debt service coverage (DSC; Standard&Poor's calculated),while addressing increasing debt service requirements; and Recent improvement in liquidity position to a level that we consider good and that we expect will remain so. Offsetting these strengths is our view of the system's: Service area economy that has declining population trends,
