Moody's rates Lower Colorado River, Texas, bonds A1

Moody's Investors Service said it assigned a rating of A1 with a stable outlook to the Lower Colorado River Authority, Texas' $210 million of refunding revenue bonds, series 2008.

Separately, Moody's said it assigned an A2 rating with stable outlook to the authority's $160 million of transmission contract refunding revenue bonds (Lower Colorado River Authority Transmission Service Corp. project), series 2008.

The bonds are expected to price on May 13.

Moody's also said it affirmed the A1 rating with stable outlook on the authority's $1.45 billion of outstanding revenue bonds and the A2 credit rating on the authority's outstanding $859.115 million of parity transmission contract revenue bonds.

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