Tarrant Regional Water District, TX Series B Commercial Paper Bonds Rated 'A-1+'

DALLAS (S&P Global Ratings) Nov. 13, 2018--S&P Global Ratings assigned its 'A-1+' short-term rating to Tarrant Regional Water District (TRWD), Texas' tax-exempt extendable commercial paper bonds, series B, and taxable extendable commercial paper bonds, series B, in a maximum aggregate principal amount of $150 million. "The ratings are based on the merits and creditworthiness of the district," said S&P Global Ratings credit analyst Andy Hobbs. Bond proceeds will be applied to the purchasing, constructing, acquiring, owning, leasing, operating, repairing, improving or extending land, improvements, facilities, plants, equipment, and appliances for flood control and drainage facilities. The TRWD's water-supply system consists of two separate components: the West Fork of the Trinity River (the West Fork Source); and the Cedar Creek Reservoir

...DALLAS (S&P Global Ratings) Nov. 13, 2018--S&P Global Ratings assigned its 'A-1+' short-term rating to Tarrant Regional Water District (TRWD), Texas' tax-exempt extendable commercial paper bonds, series B, and taxable extendable commercial paper bonds, series B, in a maximum aggregate principal amount of $150 million. "The ratings are based on the merits and creditworthiness of the district," said S&P Global Ratings credit analyst Andy Hobbs. Bond proceeds will be applied to the purchasing, constructing, acquiring, owning, leasing, operating, repairing, improving or extending land, improvements, facilities, plants, equipment, and appliances for flood control and drainage facilities. The TRWD's water-supply system consists of two separate components: the West Fork of the Trinity River (the West Fork Source); and the Cedar Creek Reservoir and pipeline, and Richland-Chambers Reservoir and pipeline. Pipelines transport raw water from these two reservoirs to Tarrant County. The district has...

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