Fitch Ratings assigns an 'A+' rating to the following Lower Colorado River Authority, TX (LCRA) refunding revenue bonds. --$426 million, series 2010. The bonds are expected to sell via negotiation around Jan. 14, 2010 and will refund outstanding bonds for level savings, fund a debt service reserve fund, and pay costs of issuance. In addition, Fitch affirms the following ratings. --$1.88 billion in outstanding LCRA revenue bonds at 'A+'; --$122 million in outstanding LCRA tax-exempt commercial paper at 'F1+'; --$22.5 million in outstanding LCRA taxable commercial paper at 'F1+'. The Rating Outlook is Stable. RATING RATIONALE. --LCRA provides power to a diverse mix of 43
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