DALLAS (S&P Global Ratings) Sept. 22, 2022--S&P Global Ratings assigned its 'AA+' long-term rating to the Trinity River Authority (TRA), Texas' series 2022 improvement revenue bonds, issued for the Tarrant County water project. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the authority's debt outstanding, which was also issued for the Tarrant County water project. The outlook is stable. "The ratings reflect our opinion of the underlying credit quality of the utility systems of the cities participating in the authority's Tarrant County Water Project, which includes the cities of Colleyville, Bedford, Euless, Grapevine, and North Richland Hills," said S&P Global Ratings credit analyst Chelsy Shipman. The participants' share of flows range from 16% to 23%, which
