(PR-inside.com) - Fitch Ratings has assigned an 'A+' rating to Lower Colorado River Authority's (LCRA), $300 million refunding and improvement revenue bonds, series 2008A. The Rating Outlook is Stable. In addition, Fitch affirms LCRA's outstanding revenue bonds at 'A+' and LCRA's tax-exempt and taxable commercial paper (CP) programs at 'F1+'. Proceeds from the 2008A bonds will refund outstanding commercial paper, fund certain improvements to the system, and pay costs of issuance. The bonds are expected to price on Dec. 3, 2008, depending on market conditions. Key rating factors supporting the 'A+' rating include a competitive and diverse mix of power ..
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