Summary: Trinity River Authority, Texas   Huntsville, Texas; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Trinity River Authority, Texas Huntsville, Texas; Water/Sewer

Summary: Trinity River Authority, Texas   Huntsville, Texas; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Trinity River Authority, Texas Huntsville, Texas; Water/Sewer
Published Mar 22, 2024
6 pages (2389 words) — Published Mar 22, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to the Trinity River Authority (TRA), Texas' Huntsville Regional Water Supply System Project (HRWSS) $4 million series 2024 contract revenue bonds issued for the City of Huntsville, Texas. At the same time, we affirmed our 'AA-' rating on previously issued bonds supported by the city's utility system. The outlook is stable. The bonds constitute a special obligation of TRA and are secured by a first-lien pledge of net revenues of the water and wastewater system under a contract entered into with the City of Huntsville. We view the bond provisions as credit neutral. Total debt supported by Huntsville's utility system after the series 2024 issuance will be $60.2 million. Bond proceeds will

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##-' long-term rating to the Trinity River Authority (TRA), Texas' Huntsville Regional Water Supply System Project (HRWSS) $4 million series 2024 contract revenue bonds issued for the City of Huntsville, Texas. + At the same time, we affirmed our '##-' rating on previously issued bonds supported by the city's utility system. + The outlook is stable....

  
Report Type:

Summary

Ticker
7792Z
Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Trinity River Authority, Texas Huntsville, Texas; Water/Sewer" Mar 22, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Trinity-River-Authority-Texas-Huntsville-Texas-Water-Sewer-3142553>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Trinity River Authority, Texas Huntsville, Texas; Water/Sewer Mar 22, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Trinity-River-Authority-Texas-Huntsville-Texas-Water-Sewer-3142553>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.