S&P rates Lower Colorado River, Texas, bonds A

Standard & Poor's said it assigned an A standard long-term rating and stable outlook to the Lower Colorado River Authority, Texas' $210 million of series 2008 refunding revenue bonds.

S&P said it assigned the same rating to $160 million of transmission contract refunding revenue bonds from the authority's obligated affiliate Transmission Services Corp.

At the same time, S&P said it affirmed the A standard long-term ratings and underlying ratings on the authority's and Transmission Services' outstanding revenue debt.

The outlook is stable.

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