Summary: Trinity River Authority, Texas Red Oak Creek Regional Wastewater System; Water/Sewer

S&P Global Ratings assigned its 'AA-' rating to Trinity River Authority (TRA), Texas' approximately $7.4 million series 2022 revenue improvement bonds, issued for the Red Oak Creek project. At the same time, S&P Global Ratings affirmed its 'AA-' rating on TRA's Red Oak Creek Project, Texas' outstanding revenue improvement bonds, issued for the Red Oak Creek System, a regional wastewater treatment system. The outlook is stable. The series 2022 proceeds will be used to fund improvements and extensions to the Authority's Red Oak Creek Regional Wastewater System. We view the bond provisions as credit neutral, which include a debt service reserve fund equal to the average annual debt service requirement, providing additional liquidity. The rating reflects the collective credit quality

...S&P Global Ratings assigned its '##-' rating to Trinity River Authority (TRA), Texas' approximately $7.4 million series 2022 revenue improvement bonds, issued for the Red Oak Creek project. At the same time, S&P Global Ratings affirmed its '##-' rating on TRA's Red Oak Creek Project, Texas' outstanding revenue improvement bonds, issued for the Red Oak Creek System, a regional wastewater treatment system. The outlook is stable. The series 2022 proceeds will be used to fund improvements and extensions to the Authority's Red Oak Creek Regional Wastewater System. We view the bond provisions as credit neutral, which include a debt service reserve fund equal to the average annual debt service requirement, providing additional liquidity....

Summary