The rating on Trinity River Authority (TRA), Texas' bonds, issued for Huntsville, reflects Huntsville's obligation to pay debt service on the bonds as an operating expense of its water and sewer system. Key credit factors of the water and sewer system are: Stability provided by government customers; Sound debt service coverage of the TRA debt, and the city's direct debt obligations; Low income levels; and City utility's limited future capital needs. Huntsville is located 75 miles north of Houston. The city serves just more than 7,000 water and sewer customers. The two leading customers, including the Texas Department of Criminal Justice facilities, account for 41% of consumption and revenues. The system's next largest user, Sam Houston State University, accounts for
