NEW YORK (Standard&Poor's CreditWire) June 1, 1999-- Standard&Poor's today assigned its single-'A' rating to Trinity River Authority, Texas' $31.83 million revenue refunding bonds (Tarrant County Water project) series 1999 dated June 15, 1999, due Feb. 1, 2020. The bonds are scheduled to sell June 9, 1999. The bonds are secured by a first lien on net revenues provided by contractual payments from five member cities that make up operating and maintenance charges of the participating cities' water and sewer funds. The single-'A' rating is based on the underlying credit quality of the water and sewer systems of the participating cities: Bedford, Texas (N.R.); Euless, Texas (single-'A'/Stable); Grapevine, Texas (single-'A' (Standard&Poor's underlying rating (SPUR))\Negative); Colleyville,
