Standard&Poor's Ratings Services has assigned its 'AA-' long-term rating to Trinity River Authority, Texas' revenue refunding bonds series 2010 (Ten Mile Creek system) and affirmed its 'AA-' ratings on the authority's previously debt issued for the project, reflecting the credit strength of the water and sewer operations of the system's five participating members (Cedar Hill, DeSoto, Lancaster, Duncanville, and Ferris). These strengths include: Stable customer bases, Good coverage of fixed charges and any revenue bond debt, Limited capital needs within each system, and A sharply decreasing debt service schedule for bonds related to the project. The contract between the authority and the five participating members specifies an unlimited step-up obligation that requires remaining members to assume a pro
