Standard&Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to Trinity River Authority, Texas' (TRA or the authority) series 2011A state revolving fund (SRF) loan, issued for Denton Creek Regional Wastewater Treatment System. We also assigned our 'AA' rating to the authority's series 2011 revenue refunding bonds. In addition, we affirmed the 'AA' underlying rating (SPUR) and 'AA' long-term rating on the authority's parity debt. The outlook is stable. As of Sept. 1, 2011, the system had outstanding $88.27 million in debt. The ratings are based on our opinion of the general creditworthiness of the retail utility systems that participate in TRA's Denton Creek wastewater collection and treatment system. Contracts between the participant retail systems -
