NY -- Standard&Poor's CreditWire 7/30/97 -- Standard&Poor's today has assigned its double-'A' rating to Trinity River Authority, Texas' $7.06 million Whites Branch Sanitary Sewer Force Maintenance Revenue Bonds (Ft. Worth project) series 1997 due Feb. 1, 1998-2017. The rating reflects the strong credit quality of Ft. Worth's water and sewer system (rated double-'A'). The obligation of the system is unconditional and is treated as an operating expense of the combined utility. The system's rating reflects a large retail and wholesale service area, strong system operations with manageable capital needs, competitive rates, and good financial performance. Also reflected are additional debt requirements to fund system improvements and the recent settlement with the city of Arlington over past
