Summary: Trinity River Authority (Tarrant County), Texas; Water/Sewer

Standard&Poor's Ratings Services assigned its 'AA+' rating to the Trinity River Authority (TRA), Texas' series 2015 revenue refunding bonds, issued for Tarrant County's water project. At the same time, Standard&Poor's affirmed its 'AA+' rating on the authority's series 2013, 2008, and 2005 revenue bonds, also issued for Tarrant County's water project. The outlook on all the ratings is stable. In addition, Standard&Poor's withdrew its rating on the authority's series 2003 bonds, which were refunded with the series 2005 bonds. The rating reflects our opinion of the underlying credit quality of the utility systems of the cities participating in Tarrant County's water project: Colleyville, Bedford, Euless, Grapevine, and North Richland Hills. We believe these retail

...Standard & Poor's Ratings Services assigned its '##+' rating to the Trinity River Authority (TRA), Texas' series 2015 revenue refunding bonds, issued for Tarrant County's water project. At the same time, Standard & Poor's affirmed its '##+' rating on the authority's series 2013, 2008, and 2005 revenue bonds, also issued for Tarrant County's water project. The outlook on all the ratings is stable. In addition, Standard & Poor's withdrew its rating on the authority's series 2003 bonds, which were refunded with the series 2005 bonds. The rating reflects our opinion of the underlying credit quality of the utility systems of the cities participating in Tarrant County's water project: Colleyville, Bedford, Euless, Grapevine, and North Richland Hills. We believe these retail systems collectively exhibit:...

Summary