DALLAS (Standard&Poor's) Oct. 22, 2010-- Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Trinity River Authority, Texas' nearly $134.5 million series 2010A central regional wastewater system revenue bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term and underlying rating (SPUR) on the authority's outstanding debt. The outlook is stable. "We believe the rating reflects the participant cities' water and sewer systems, which collectively exhibit strong liquidity and maintain margins that are able to generate sound coverage of all on-balance-sheet and off-balance-sheet obligations," said Standard&Poor's credit analyst Sarah Smaardyk. "Further supporting the rating is our view of the authority's moderate retail service rates, coupled with its demonstrated willingness to adjust rates
