Standard&Poor's Ratings Services assigned its 'AA-' rating and stable outlook to Trinity River Authority, Texas' series 2012 revenue refunding bonds, issued for the Ten Mile Creek System, a regional wastewater treatment system, and affirmed its 'AA-' rating, with a stable outlook, on the authority's state-revolving loan bonds. The rating reflects our assessment of the credit strength of the water and sewer operations of the system's five participating members: Cedar Hill, DeSoto, Lancaster, Duncanville, and Ferris. The rating also reflects our opinion of the five participants' water and sewer systems': Stable customer bases, Adequate debt service coverage (DSC) on any revenue bond debt, and Sufficient treatment capacity. The contract between the authority and the five participating members specifies an
