NEW YORK (Standard&Poor's) Sept. 27, 2001--Standard&Poor's today assigned its double-'A' rating to Tacoma, Wash.'s $86 million and $2.5 million sewer system revenue bonds series 2001A and 2001B, respectively. The bonds are scheduled to sell on Sept. 28, 2001. The outlook is stable. The rating reflects the security provided by the pledge of net revenues of the sewer and surface water (stormwater) systems. Credit strengths include: -- A sound and diverse service area economy; -- A good operational history of the sewer and surface water systems; -- A strong revenue collection process, with the legal ability to place liens upon property for delinquent accounts; -- A manageable capital plan; and -- Strong financial results reflected by strong
