Summary: Various Texas Retail and Cooperative Electric Utilities; CP; Combined Utility; Gas; Retail Cooperative; Retail Electric; Rural Electric Coop; Water/Sewer

S&P Global Ratings placed various ratings on Texas retail and cooperative electric utilities on CreditWatch with negative implications, encompassing the following issuer credit ratings (ICRs) and/or associated issue ratings, where applicable: Austin Energy ('AA' long-term rating and underlying rating, or SPUR); Bryan Texas Utilities ( 'A+' long-term rating and SPUR); Bryan Rural Electric System ('AA-' long-term rating); Greenville Electric Utilities System ('A+' long-term rating and SPUR); Grey Forest Utilities (gas utility only; 'A+' long-term rating and SPUR); Guadalupe Valley Electric Cooperative Inc. ('AA-' ICR, long-term rating, SPUR, and 'A-1+' short-term rating); Floresville Electric Light&Power System ('AA-' senior-lien long-term rating and SPUR, 'A+' subordinate lien long-term rating and SPUR); New Braunfels Utilities ('AA' long-term rating and SPUR, and 'A-1+'

...S&P Global Ratings placed various ratings on Texas retail and cooperative electric utilities on CreditWatch with negative implications, encompassing the following issuer credit ratings (ICRs) and/or associated issue ratings, where applicable: + Austin Energy ('##' long-term rating and underlying rating, or SPUR); + Bryan Texas Utilities ( 'A+' long-term rating and SPUR); + Bryan Rural Electric System ('##-' long-term rating); + Greenville Electric Utilities System ('A+' long-term rating and SPUR); + Grey Forest Utilities (gas utility only; 'A+' long-term rating and SPUR); + Guadalupe Valley Electric Cooperative Inc. ('##-' ICR, long-term rating, SPUR, and 'A-1+' short-term rating); + Floresville Electric Light & Power System ('##-' senior-lien long-term rating and SPUR, 'A+' subordinate lien long-term rating and SPUR); + New Braunfels Utilities ('##' long-term rating and SPUR, and 'A-1+' short-term rating); + San Marcos Electric Utility ('A-' long-term rating and SPUR); + San Miguel Electric...

Summary