The rating on Trinity River Authority (TRA), Texas' bonds, issued for Southlake, reflects the city of Southlake's current GO rating and the pledge to levy ad valorem taxes if surplus revenues from the city's water and sewer system are not sufficient to meet debt service requirements payable to the Trinity River Authority. The city's 'A+' GO rating is based on the full faith and credit of the city and reflects: A predominantly residential taxable property base that has exhibited solid growth, High wealth levels, Sound financial management practices, and Healthy reserves. The city also has a high debt burden and growth-driven capital needs. The city is a fast growing suburb in northeastern Tarrant County located between Alliance and Dallas-Fort Worth
